Dave and Buster play two games of tennis, and then decide to go have lunch. Using the concept of utility to explain their choices, we can conclude that:
A. they each won one game of tennis.
B. the marginal utility from playing a third game must be negative for them.
C. the marginal utility from playing a third game must be less than the marginal utility from having lunch.
D. All of these must be true.
C. the marginal utility from playing a third game must be less than the marginal utility from having lunch.
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It is correct to state that a society which is on its production possibilities curve is
A) underutilizing is resources. B) technologically inefficient. C) consuming too much output. D) fully utilizing its productive resources.
For US electricity production, what has been historically the greatest source of fuel?
a) coal
b) natural gas
c) nuclear
d) solar
e) wind
Bonds can be risky investments because
a. bondholders are paid from whatever remains after stockholders have been paid what the corporation owes them. b. if the corporation loses its assets, the bondholders may never recover their investments. c. the general price level may fall. d. the voting power of an individual bondholder may be more apparent than real.
When disposable income is 3500, C is
A. 1500.
B. 2500.
C. 3500.
D. 4500.