If two units of a good provide 8 utils and the marginal utility of the third unit of the good is 2 utils, what is the total utility from consuming three units of the good?

An increase in the marginal cost of reducing greenhouse gas emissions will lead to lower air quality

a. True b. False

The All-the-Rage microbrewery is represented in Figure 9-9. If the market price is $2.50 per pint, then in the short run, the microbrewery will

a.
earn the same profit by producing zero pints as by producing 50 pints per day
b.
produce zero pints per day to avoid an economic loss
c.
produce 50 pints per day and break even
d.
produce between zero and 50 pints per day
e.
produce more than 50 pints per day