Fill out the table and answer the question below. The marginal product of the fifth unit of labor is

A. 10.
B. 4.
C. -2.
D. 16.

Answer: B

Economics

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Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal utility from clothing is 25 . If clothing is priced at $10 per unit, the price of food per unit must be

a. $2. b. $2.50. c. $5. d. $20.

Economics

The fungibility of money means that

A. the categories people create to organize their expenditures are meaningless in financial terms. B. people often create false distinctions between categories of debt. C. thinking large, one-time expenses should be paid off over a period of time, while everyday expenses should come out of your checking account, is irrational. D. All of these statements are true.

Economics