Answer the question on the basis of the following two schedules, which show the amounts of additional satisfaction (marginal utility) that a consumer would get from successive quantities of products J and K.
Units of J MUj Units of K MUk
1 56 1 32
2 48 2 28
3 32 3 24
4 24 4 20
5 20 5 12
6 16 6 10
7 12 7 8
Ans: 276 utils
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A) advertising. B) production at minimum average cost in the long run. C) a horizontal demand curve. D) the absence of long-run economic profits.
The dividend yield is a. a financial intermediary
b. reported as a percentage of the stock's price. c. the same as retained earnings. d. a function of the company's earnings per share and the stock's price.
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A. profit; $180 B. loss; $300 C. loss; $60 D. loss; $900
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A) shift up the marginal cost curve for any firms that hire labor. B) guarantee a decrease in profits. C) shift up the average fixed cost curve for any firms that hire labor. D) guarantee an increase in tax revenues.