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

Author Question: Economics is best defined as the social science that studies A) how a person can get everything ... (Read 99 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 30, 2018
Economics is best defined as the social science that studies
 
  A) how a person can get everything he or she wants.
  B) how choices made in the social interest must conflict with choices made in the self-interest.
  C) the way to eliminate choices in our decisions.
  D) the choices that societies, and the people and institutions that make up societies, make in dealing with the issue of scarcity.
  E) the reason money exists.

Question 2

Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour.
 
  Suppose that we observe Krystal staying open 5 hours and her marginal benefit of staying open per hour is 36. If she is following the marginal principle, Krystal should
  A) stay open 1 more hour. B) stay open 2 more hours.
  C) stay open 1 fewer hour. D) stay open 2 fewer hours.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

In a developmental systems approach, the emergence of social smiling at 6 to 8 weeks of age is not ... In a developmental systems approach, the emergence of social smiling at 6 to 8 weeks of age is not ...
Overeating: Social and Environmental Factors Overeating: Social and Environmental Factors
Sociologists study the social factors that underlie human behavior, the experiences that mold us, ... Sociologists study the social factors that underlie human behavior, the experiences that mold us, ...
Stereotypes, which play such a profound role in social life, are a basic area of sociological ... Stereotypes, which play such a profound role in social life, are a basic area of sociological ...
Sleep Studies Sleep Studies
Economics question Economics question
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library