According to below graph, what is the marginal utility of the second slice of pizza?
a. 10
b. 8
c. 6
d. 4
b. 8
You might also like to view...
Explain the impact, if any, of each of the following on the production possibilities curve:
a. Europe's population fell by 30 to 60 percent following an outbreak of bubonic plague, also known as Black Death, in the fourteenth century. b. In the next 20 years, a sizeable proportion of the United States labor force is expected to include many people who are above the age of 65 . c. Canada recently discovered large reserves of shale gas (shale gas is natural gas that is trapped in fine-grained sedimentary rock).
"The Soviet economy is proof that, contrary to what many skeptics had earlier believed, a socialist command economy can function and even thrive.". This statement is from:
a. Hayek b. Mises c. Friedman d. Samuelson e. None of the above
The reason that inflation rarely harms workers is that
A. wages rise at the same time prices rise. B. wages fall when prices rise. C. nominal income falls as prices rise. D. the minimum wage rate automatically rises when the price level rises.
More than one in four African-Americans lives in poverty.
Answer the following statement true (T) or false (F)