Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, 15, respectively. The marginal utility of the third unit consumed is:
A. 2.
B. 14.
C. 4.
D. 34.
Answer: A
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A) $49,500 B) $55,000 C) $47,000 D) $56,000
How might the existence of federally funded programs for the poor reduce the amount of charitable giving?
What will be an ideal response?
The maintenance of a framework of security and order through the establishment and enforcement of rules under which people can interact peacefully with one another and be secure in their person and property is known as the
a. productive function of government. b. protective function of government. c. transfer function of government. d. illegitimate function of government.
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a. True b. False Indicate whether the statement is true or false