Refer to the information provided in Figure 6.10 below to answer the question(s) that follow. Figure 6.10Refer to Figure 6.10. The current price of a turkey sandwich is $6. If Kyle is currently buying five turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.

A. is not; gained from the fifth sandwich is greater
B. is; from the fifth sandwich is less
C. is; from the fifth sandwich is greater
D. is not; gained from the fifth sandwich is less

Answer: A

Economics

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Using the Gordon growth formula, if D1 is $1.00, ke is 10% or 0.10, and g is 5% or 0.05, then the current stock price is

A) $10. B) $20. C) $30. D) $40.

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A typical firm in a cartel will hold which of the following attitudes?

A) If everyone cheats, I'm better off, and so is everyone in the cartel. B) If I alone cheat, I'm better off; if everyone cheats, I'm worse off. C) I can never do better for myself than following agreed-upon cartel rules. D) If I suspect others are planning to cheat, I'll do best for myself by deciding not to cheat.

Economics