The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of Jane's sixth magazine?

A) 80 units
B) 60 units
C) 36 units
D) 15 units

C

Economics

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The Coase Theorem implies that the reason people sue each other in court is that transactions costs are too high.

Answer the following statement true (T) or false (F)

Economics

The Social Security system pays:

A. current retirees from funds paid by current employees. B. retirees the money accumulated from the payroll tax collected throughout their working lives. C. current retirees from current general government revenues. D. current retirees from general government revenue surpluses they contributed to through taxes.

Economics