Using the above table, the marginal utility for the sixth glass of water is
A. -5 utils.
B. 260 utils.
C. 255 utils.
D. 5 utils.
Answer: A
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Refer to Figure 13-1. Ceteris paribus, a decrease in firms' expectations of the future profitability of investment spending would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
All of the following are examples of joint hypotheses on multiple regression coefficients, with the exception of
A) H0 : ?1 + ?2 = 1 B) H0 : = ?1 and ?4 = 0 C) H0 : ?2 = 0 and ?3 = 0 D) H0 : ?1 = -?2 and ?1 + ?2 = 1
Economists call the difference between what you pay for a good and what you would have been willing to pay for it a(n)
a. budget deficit b. consumer deficit c. consumer marginal benefit d. consumer surplus e. economic benefit
Product differentiation in a monopolistically competitive market always entails more costs than benefits.
Indicate whether the statement is true or false.