According to the above table, Hillary's marginal utility from watching the 4th movie is
A. 30 units of utility.
B. 140 units of utility.
C. 60 units of utility.
D. 40 units of utility.
Answer: D
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A large number of sellers all selling an identical product implies which of the following?
A) market chaos B) the inability of any seller to change the price of the product C) large losses incurred by all sellers D) horizontal market supply curves E) vertical market supply curves
In contrast to richer countries, most residents of poorer nations will have
a. only some primary education. b. primary and secondary education. c. higher education. d. higher levels of productivity.
Which of the following involves emphasizing product qualities to develop a product identity?
a. product entry b. product allocation c. product differentiation d. product homogeneity
Imports are products produced in the home country and sold in another country.
Answer the following statement true (T) or false (F)