Ahmed is going to a film matinee by himself. He purchases a ticket, a jumbo tub of popcorn, a box of Raisinets, and a Slurpee. Which of the following likely has the highest marginal utility for him?
a. a second ticket to the same movie
b. a second tub of popcorn
c. a second box of Raisinets
d. a second straw for his Slurpee
c. a second box of Raisinets
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The largest item amount among those listed here is
A. national income. B. net interest. C. net domestic product. D. corporate profits.
A price-searcher firm will expand output until
a. marginal revenue falls to equal the rising marginal cost. b. marginal revenue rises to equal the falling marginal cost. c. marginal revenue falls below marginal cost. d. marginal cost rises above marginal revenue.
One reason why present dollars are worth more than future dollars is because income-earning investment opportunities exist.
Answer the following statement true (T) or false (F)
The graph shown here is that of
A. either a colluding oligopolist or an oligopolist engaged in cut-throat competition.
B. neither a cut-throat oligopolist nor a colluding oligopolist.
C. a cut-throat oligopolist.
D. a colluding oligopolist.