The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200. 
If Ava had first-dollar medical insurance, then she would choose to stay ________ day(s) in the hospital.
A. 3
B. 1
C. 2
D. 4
Answer: D
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Alan purchases 10 percent fewer bags of chips when his income decreases by 5 percent. Based on only this information, we know that for Alan
A) chips are a normal good. B) chips are a complement to salsa. C) chips are a substitute for pretzels. D) chips are an inferior good. E) the price of chips fell.
The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid. B. low levels of domestic savings. C. inappropriate education. D. overpopulation.
Jordan has the following assets and liabilities:Two cars$10,000House$200,000Mortgage$100,000Cash$1,000Car loans$3,000Checking account balance$2,000Credit card balance$1,000Jordan's wealth is ________, the value of Jordan's assets is ________, and the value of Jordan's liability is ________.
A. $107,000; $213,000; $100,000 B. $109,000; $213,000; $104,000 C. $213,000; $317,000; $104,000 D. $111,000; $213,000; $100,000
Suppose that your roommate comes back to the dormitory exclaiming about what a great deal she got on a new shirt that she would have purchased at the regular price for $35, but she bought on sale for $6. An appropriate response would be to
a. make an interpersonal comparison of utility and remark that the shirt is ugly and not worth even $6 to you b. suggest that your roommate is now enjoying $29 of consumer surplus c. suggest that the shirt was on sale because it has a low marginal utility d. suggest that your roommate's total utility from the shirt is 35 utils e. suggest that your roommate's total utility from the shirt is at least $29