The additional benefit incurred when undertaking an activity is the ________ benefit

A) total
B) gross
C) marginal
D) explicit

C

Economics

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John is maximizing utility by choosing to spend 90 minutes reading a chapter in The Theory of Moral Sentiments, which will give him 450 units of utility, instead of spending 20 minutes reading a chapter of Atlas Shrugged, which will give him 200 units of utility. (Assume marginal utility decreases slowly.)

Answer the following statement true (T) or false (F)

Economics

Refer to the information provided in Figure 2.5 below to answer the question(s) that follow. Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.

A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30

Economics