The difference between the value of a product at the end of one stage of production and the cost of materials purchased from other firms at the beginning of this stage is the

Expected utility is a weighted average in which the weights are

A) average incomes. B) marginal incomes. C) total incomes. D) probabilities.

Pork can be used to produce bacon or sausage, but not both. If the price of bacon rises for some reason, then, everything else equal,

a. the price of sausage will rise. b. the price of sausage will fall. c. the resources used in raising Pork will become more expensive. d. the resources used in raising Pork will become less expensive.