Refer to the information provided in Figure 6.10 below to answer the question(s) that follow.
Figure 6.10Refer to Figure 6.10. The current price of a turkey sandwich is $8. If Kyle is currently buying seven turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.
A. is not; gained from the seventh sandwich is less
B. is; from the seventh sandwich is greater
C. is not; gained from the seventh sandwich is greater
D. is; from the seventh sandwich is less
Answer: A
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a. True b. False
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a. more labor and less machinery. b. more machinery and less labor. c. more labor with the same amount of machinery. d. the current combination.
As long as a public sector activity will generate benefits regardless of the costs, the activity should definitely be undertaken.
Answer the following statement true (T) or false (F)
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A. open to bias and favoritism B. often subjective C. not well-suited to small organizations D. require more time consuming