Betsy's utility depending from her consumption of coffee is shown in the table above. If the price of a cup of coffee is $2, Betsy's marginal utility per dollar from the 2nd cup of coffee per day is

A) 15.
B) 40.
C) 20.
D) 32.5.

A

Economics

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If the price of lattes, a normal good you enjoy, falls, then

A) the income effect which causes you to increase your latte consumption outweighs the substitution effect which causes you to reduce your latte consumption, resulting in more lattes purchased. B) the income and substitution effects offset each other but the price effect leads you to buy more lattes. C) both the income and substitution effects lead you to buy more lattes. D) the substitution effect which causes you to increase your latte consumption outweighs the income effect which causes you to reduce your latte consumption, resulting in more lattes purchased.

Economics

Which of the following is a political function of government but is not a central economic function?

A) determining who has a right to vote B) determining government-sponsored and government-inhibited goods C) providing a legal system to adjudicate property rights D) redistributing income from some individuals to others

Economics