Basil is maximizing his utility from consuming tea and crumpets. If the marginal utility of the last crumpet was 32 units of utility and the prices of tea and crumpets are $4 and $8, respectively, what was the marginal utility of the last cup of tea Basil consumed?

Eric lost his job because a recession caused his employer's sales to fall. This is an example of:

a. involuntary unemployment. b. frictional unemployment. c. structural unemployment. d. cyclical unemployment.

Assume the table shown is for a hat factory, and shows the total production of hats given various numbers of employees. What is the marginal product of the ninth worker?

A. 10
B. 5
C. 15
D. 290