Huey has eaten two hamburgers and is considering a third. The ...

[neverstopbelieb]

Huey has eaten two hamburgers and is considering a third. The marginal benefit in his decision is the pleasure from consuming
 
  A) the two previous hamburgers.
  B) all three hamburgers.
  C) just the third hamburger.
  D) just the second hamburger.
  E) the third hamburger minus the pleasure from consuming zero hamburgers.

Question 2

If a union successfully negotiates for higher wages and benefits for airline pilots, what impact would this have on supply and demand in the market for passenger airline travel, assuming no other changes take place in the market?
 
  What will be an ideal response?

[Bsand8]

Answer to Question 1

C

Answer to Question 2

An increase in wages and benefits will shift the supply curve to the left, but will not shift the demand curve. This will increase the equilibrium price and decrease the equilibrium quantity in the market for passenger airline service.