Kelly's marginal utilities for magazines and packages of gummy bears are listed in the table above. What is the extra utility received by Kelly when she decides to consume 3 packages of gummy bears instead of 2 packages?

Ben quit his job as an economics professor to become a golf professional. He gave up his salary ($40,000 . and invested his retirement fund of $50,000 (which was earning 10 percent interest) in this venture. After all expenses, his net winnings (profit) were $45,000 . Ben's economic profits were

a. $45,000. b. $5,000. c. $2,000. d. zero.

Given the production possibility tables for the First and Second Bakeries shown, we know that the opportunity cost of producing cookies:First BakerySecond BakeryCookiesPiesCookiesPies018091012306206603300900 

A. is higher at Second Bakery. B. is the same at both bakeries. C. is higher at First Bakery. D. cannot be computed without further information.