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 183 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
Excellent

duy1981999

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

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

The "Emu in the sky," a constellation defined by dark clouds rather than the stars. The "Emu in the sky," a constellation defined by dark clouds rather than the stars.
Leading & Managing Defined Leading & Managing Defined
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
How Much Food Does the World Produce Per Person? How Much Food Does the World Produce Per Person?
Brushing off to finish-front. Move to the front and place the person’s hands on his or her knees. ... Brushing off to finish-front. Move to the front and place the person’s hands on his or her knees. ...
Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library