Refer to the above table. The marginal utility of the 2nd movie for Robert is
A) 95 units of utility.
B) 90 units of utility.
C) 80 units of utility.
D) 190 units of utility.
Ans: B) 90 units of utility.
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The difference between private cost and social cost is that
A) social cost only considers the external cost borne by society. B) social cost only considers the cost borne by people other than the producer. C) private cost only considers the cost borne by producers of the good. D) social cost also includes any external benefit whereas private cost excludes all external benefits. E) There is no difference; the terms refer to the same cost.
Which of the following groups has the lowest life expectancy at birth?
a. middle-income economies b. low-income economies c. high-income economies d. sub-Saharan African economies e. all the world's economies
The buyers and sellers who trade a particular good or service make up what we call a:
A. negotiators. B. market. C. store. D. mall.
Which of the following bonds are considered to be default-risk free?
A) municipal bonds B) investment-grade bonds C) U.S. Treasury bonds D) junk bonds