Michael loves donuts. He receives 100 units of utility for the first donut, an additional 80 for the second, an additional 60 for the third, another 50 for the fourth, and another 20 for the fifth. The marginal utility of the fourth donut is ________ and the total utility from consuming four donuts is ________.
A. 140; 290
B. 50; 40
C. 50; 290
D. 290; 100
Answer: C
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Taxes on capital gains and interest decline as inflation rates increase.
Answer the following statement true (T) or false (F)
In the United States in 2016, the health care industry was the largest employer in ________ states
A) 7 B) 27 C) 35 D) 48
The aggregate demand curve or schedule shows the relationship between the total demand for output and the:
A. Income level B. Interest rate C. Price level D. Real GDP