Author Question: The above figure shows that the maximum amount a person is willing to pay for the 400th pretzel ... (Read 64 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
The above figure shows that the maximum amount a person is willing to pay for the 400th pretzel
 
  A) is greater than the marginal social cost of the 400th pretzel.
  B) is less than the marginal social benefit of the 400th pretzel.
  C) and the marginal social benefit of the 400th pretzel are both 2.
  D) is greater than the marginal social benefit of the 200th pretzel.

Question 2

The marginal benefit of a good or service
 
  A) increases as more is consumed.
  B) decreases as more is consumed
  C) remains constant as more is consumed.
  D) decreases as less is consumed



C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

For a complete list of videos, visit our video library