The price of a can of soft drink is $1.25 and the marginal utility of the second can consumed is 10 utils. The marginal utility of the third hotdog is 4 utils. You should only consume the third hotdog if the price of the hotdog is less than or equal to

A. $0.25.
B. $0.625.
C. $0.41.
D. $0.50.


Answer: D

Economics

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Given the graph below, the competitive firm's supply curve is the:



A. MC curve above F
B. MC curve above G
C. MC curve above H
D. MC curve above J

Economics

Diminishing marginal returns means that the firm definitely is experiencing

A) diseconomies of scale. B) constant returns to scale. C) Both answers A and B are correct. D) Neither answer A nor B is correct.

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Assuming a required reserve ratio of 5%, interest rate on reserves of 1%, and interest rate on loans of 6%, what is the effective cost of the reserve requirement on a $10,000 deposit?

A) 0.05% B) 0.25% C) 0.30% D) 1%

Economics

Briefly describe monetarism and the monetary growth rule

What will be an ideal response?

Economics