This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As Betsy's consumption of coffee increases, her marginal utility from coffee A) increases. B) ... (Read 134 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
As Betsy's consumption of coffee increases, her marginal utility from coffee
 
  A) increases.
  B) decreases.
  C) remains unchanged.
  D) increases first and then decreases.

Question 2

In a perfectly competitive market, if a firm finds it is producing an amount of output such that its marginal cost exceeds its price, it will
 
  A) immediately shut down for the short run.
  B) be maximizing profits.
  C) increase its output to increase its profit.
  D) decrease its output to increase its profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


jho37

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: Jun 29, 2018
Thank you


jasonq

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

The signal voltage from a throttle position increases as the throttle is opened because the wiper ... The signal voltage from a throttle position increases as the throttle is opened because the wiper ...
U.S. Energy Consumption U.S. Energy Consumption
Water consumption by type of use Water consumption by type of use
Industrialized nations consumption Industrialized nations consumption
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Language Areas Animation

For a complete list of videos, visit our video library