This topic contains a solution. Click here to go to the answer

Author Question: Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more ... (Read 111 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza.
 
  A) efficient price
  B) efficient amount
  C) marginal benefit
  D) marginal cost

Question 2

All of the following statements about marginal benefit are correct EXCEPT the marginal benefit of a good
 
  A) is the benefit a person receives from consuming one more unit of the good or service.
  B) is measured as the maximum amount that a person is willing to pay for one more unit of the good.
  C) is equal to zero when resource use is efficient.
  D) decreases as the quantity consumed of the good increases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

C

Answer to Question 2

C




plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

For a complete list of videos, visit our video library