Newspaper vending machines are often built so that customers can pay to lift a door and take a paper off a pile of daily newspapers. Newspaper distributors are NOT concerned about customers taking the whole stack of papers because
A. the price of a daily newspaper is relatively low.
B. the total utility of a daily newspaper is zero.
C. the marginal utility of a second daily newspaper is zero.
D. the marginal utility of any one daily newspaper is zero.
Answer: C
You might also like to view...
Suppose Bank A holds $200 of reserves, has deposits of $1000, and the desired reserve ratio is 15 percent. How many loans can Bank A create at Bank A?
A) zero, because Bank A has no excess reserves B) $200 C) $50 D) $850
Suppose there are two factories on a river, and both need clean water for their production processes. The upstream factory takes in clean water and dumps dirty water back into the river
The downstream firm must clean up the water it gets from the river before using it. In this situation A) the private costs of the downstream factory are more than the private costs of the upstream factory, but for both factories private costs and social costs are the same. B) the social costs are greater than the private costs for the upstream firm, while the social costs are less than the private costs for the downstream firm. C) the upstream factory's private costs are less than its social costs, and its external costs are borne by the downstream factory. D) the internal costs of the upstream factory are externalized by the downstream factory, which then passes them on to its customers.
The typical 50-year-old male earns approximately ____ as a male in his early 20s
a. twice as much b. the same c. half as much d. 1/3 as much
Most of the taxes collected by governments tend to
A. remain fixed. B. move in the opposite direction from GDP. C. be sales taxes. D. rise and fall with the level of GDP.