In order for the money spent on children to be viewed as a good investment, economists would look at the ________ of the costs and compare that to the ________ of the benefits.

Which of the following economists is best known for exploring the application of economic analysis to human resources issues?

A) Edward Lazear B) Alan Krueger C) Claudia Goldin D) David Hammermesh

Bonnie gets her hair cut at her usual salon and is very happy with the results. Later that afternoon, she goes to the mall and sees that a hair salon is giving away free haircuts only on that day. If Bonnie does not take advantage of the giveaway, it is because the

a. marginal utility of another haircut would be zero or negative b. marginal utility of another haircut would increase c. marginal utility of another haircut would be zero or positive d. total utility of both haircuts would be zero or negative e. total utility of both haircuts would be higher than just one haircut