In a market economy the relationship between making a lot of money and providing services that are highly valued by others is

Steve has two goods he can spend his income on, skiing and skating, and his marginal utilities from each are in the table above. The price of each unit of skiing is $10 and the price of each unit of skating is $5. Steve has $40 to spend

What quantities of skiing and skating should Steve consume to maximize his utility? A) 4 units of skiing and 4 units of skating B) 2 units of skiing and 4 units of skating C) 1 unit of skiing and 2 units of skating D) 5 units of skiing and 5 units of skating

As a result of a per-unit tax on output in a market: a. the quantity traded increases

b. the quantity traded does not change. c. the quantity traded decreases. d. a surplus is created at the new equilibrium price.