Refer to the table below. Marginal utility becomes negative with the consumption of the:
The table below shows the utility schedule for a consumer of candy bars.
A. Not shown in the table; marginal utility remains positive throughout
B. Fifth candy bar
C. Sixth candy bar
D. Seventh candy bar
D. Seventh candy bar
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The majority of business revenues earned in the United States are earned by
A) proprietorships. B) corporations. C) partnerships. D) cooperatives.
The field of ________ is concerned with externalities.
A. econometric modeling B. game theory C. environmental economics D. macroeconomics
Assume Joe invests a total of $10,000 in a company—$5,000 of which is his own money and $5,000 of which he borrowed at a 10 percent interest rate. If the company’s stock value increases by 20 percent in one year at which time Joe sells his shares of the stock, what is Joe’s rate of return on his investment?
A. 10 percent B. 15 percent C. 20 percent D. 30 percent
A physicians' professional association supports legislation seeking higher quality medical care. According to the special interest theory of regulation, who likely will benefit most from this legislation?
a. Government, through decreased regulation of physician quality. b. Patients, through reduced prices for medical care. c. Physicians, through increased prices for medical care. d. Hospitals, through decreased for physicians' services. e. Government, since higher quality health care is clearly in the public interest.