In the figure above, the marginal utility of the third crate of tomatoes for the person with total utility curve C is
A) 13 units of utility.
B) 16 units of utility.
C) 32 units of utility.
D) 45 units of utility.
A
Economics
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If average labor productivity decreases while population and the number of employed workers remain constant, then total output:
A. increases. B. decreases. C. may increase or decrease. D. remains constant.
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The free-rider problem is triggered by being:
A. excludable and rival in consumption. B. excludable and nonrival in consumption. C. nonexcludable. D. rival in consumption.
Economics