Author Question: The measure of the benefit you get from consuming the next cup of coffee is your A) marginal ... (Read 111 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
The measure of the benefit you get from consuming the next cup of coffee is your
 
  A) marginal utility of coffee.
  B) total utility from coffee.
  C) total utility per dollar spent on coffee.
  D) total utility from coffee when you are at your consumer equilibrium.

Question 2

The above figure depicts an economy with a short-run equilibrium
 
  A) at full employment.
  B) below full employment.
  C) at higher than full employment.
  D) at zero unemployment



pami445

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

For a complete list of videos, visit our video library