The theory of distributional justice was developed by
A. John Stuart Mill.
B. John Rawls.
C. Karl Marx.
D. Jeremy Bentham.
Answer: B
Economics
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What must be true for a consumer to buy a good or service?
A) The price must be equal to or less than the marginal benefit. B) The total benefit received must equal the total spent to buy the good or service. C) The consumer must be able to obtain some consumer surplus. D) The consumer must not be able to produce the product. E) The price must be equal to or greater than the marginal benefit.
Economics
Refer to Scenario 3. The average variable cost of producing three units of output is:
A) $15. B) $25. C) $41.67 (approximate). D) $75.
Economics