Author Question: The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is 1.50, Cathy's ... (Read 147 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is 1.50, Cathy's marginal utility per dollar from the 4th Mt. Dew is ________ units per dollar.
 
  A) 15
  B) 10
  C) 82.5
  D) 22.5

Question 2

The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. At Kaffenia's efficient quantity of chocolate
 
  A) total consumer surplus is zero.
  B) total producer surplus is zero.
  C) the sum of consumer surplus and producer surplus is zero.
  D) the sum of consumer surplus and producer surplus is maximized.



flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Thyroid conditions may make getting pregnant impossible.

For a complete list of videos, visit our video library