【单选题】The price of shrimp is $10.00 per pound and the price of lobster is $15.00 per pound. The marginal utility to Mike of pound of shrimp consumed is 60 utils. If Mike maximizes his satisfaction by consum...
【单选题】Consider the following statements when answering this question I. If a firm employs only one variable factor of production, labor, and the marginal product of labor is constant, then the marginal cos...
【单选题】If both the marginal cost and the average variable cost curves are U-shaped, at the minimum point of the average total cost curve, the marginal cost curve must be:
【单选题】If the marginal benefit to consumers is greater than the marginal cost to producers, more should be produced because .
A.
consumers would be willing to purchase the extra output and producers would be willing to supply the units and both consumers and producers would be better off
B.
consumers can take advantage of sellers
C.
sellers can take advantage of buyers
D.
consumers and sellers would gain the same amount from further exchange
【单选题】The price of a bagel with cream cheese equals $2 and the price of a donut equals 50 cents. The marginal utility to Jade of the last bagel consumed equals 16 utils. If Jade maximizes her satisfaction b...