Claire has just eaten her second bowl of cereal. We can say:
A. her second bowl likely reduced her total utility.
B. her second bowl likely added less to her total utility than the first.
C. her third bowl will likely decrease her total utility.
D. her third bowl will likely increase her total utility by at least as much as the second.
B. her second bowl likely added less to her total utility than the first.
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Suppose your expenses for this term are as follows:
tuition: $5,000, room and board: $3,000, books and other educational supplies: $500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $10,000. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college? A) $5,500 B) $8,500 C) $11,500 D) $14,500
Fixed costs of entry create an advantage for potential entrants since incumbents have already made these expenditures while potential entrants can avoid these costs
Indicate whether the statement is true or false
Corporate profits that are not reinvested in the corporation are distributed to
a. consumers in the form of lower prices b. management and bondholders c. management and the board of directors d. shareholders in the form of interest e. shareholders in the form of dividends
According to the marginal? principle, it is logical to
According to the marginal? principle, it is logical to
A.
choose a level at which marginal benefit exceeds marginal cost.
B.
increase the level of an activity as long as its marginal cost exceeds its marginal benefit.
C.
choose a level at which marginal cost exceeds marginal benefit.??
D.
increase the level of an activity as long as its marginal benefit exceeds its marginal cost.