Using a common resource:
A. creates a positive externality for others.
B. maximizes total surplus.
C. is an irrational decision.
D. imposes a negative externality on others.
D. imposes a negative externality on others.
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The above table gives Sue's marginal utility schedules for sub sandwiches and Mountain Dew, the only products Sue consumes. Suppose the price of a sub sandwich is $4 each and the price of a Mountain Dew is $2 each. Sue's income is $12
If Sue is at a consumer equilibrium, she eats ________ sub sandwich(es) and drinks ________ Mountain Dews. A) 0; 6 B) 1; 4 C) 2; 2 D) 3; 0
The original impetus for Social Security was
A) to provide retirement fund for all persons. B) to prevent future depressions. C) the result of social engineering by politicians. D) a proper response to the stock market crash of 1929.