Using the above table, what is the total utility of the first piece of pizza?

A. 50 utils
B. 100 utils
C. 75 utils
D. 0 utils

Answer: A

Economics

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The Royal Proclamation of 1763 and the Quebec Act of 1774 had all of the following effects except:

a. increased the price of farm labor b. increased the price of farm land c. decreased competition for existing farmers d. encouraged Scotch, Irish and German immigrants to rebel against England

Economics

Which of the following describes a situation in which demand must be elastic?

a. Total revenue increases by 15 percent when the price of corn dogs rises by 15 percent. b. Total revenue increases by less than 15 percent when the price of corn dogs rises by 15 percent. c. Total revenue decreases by more than 15 percent when the price of corn dogs rises by 15 percent. d. Total revenue increases by $15 when the price of corn dogs rises by $15. e. Total revenue increases by more than $15 when the price of corn dogs rises by $15.

Economics