Refer to Table 17-2. The marginal profit from hiring the second unit of labor is

According to the authors of your text, a politician's interest in getting reelected

A) expands the politician's time horizon. B) leads the politician to concentrate on policies capable of generating short-run benefits. C) further encourages the politician to conform more to acting in the public interest. D) is based chiefly on selfish interest.

The marginal utility of a good (e.g., bananas) declines with increases in the consumption of that good. This phenomenon is referred to as the

A) Engel's Law. B) Law of Demand. C) Law of Diminishing Marginal Utility. D) None of the above.