Three employees two employees one employee four

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Three employeesTwo employeesOne employeeFour employeesTania would achieve higher marginal utility if she purchased fewersalads.Tania would achieve higher marginal utility by eating something otherthan the fourth salad.Tania's marginal benefit was higher for the first two salads than the thirdand fourth.Tania achieved utility maximization with her purchase of five salads.It is difficult to keep people from polluting the air because it is rivalrousbut not exclusive.It is difficult to keep common people out of private gardens because theyare rivalrous and excludable.It is difficult to keep people from watching the same movie because it isnot rivalrous.It is difficult to keep people from watching a fireworks display even ifthey don't pay because it is not rivalrous and not exclusive.A study analyzing a nation’s unemployment rateA consumer's reaction to changes in the price of gasolineA consumer's reaction to an increased taxation on cigarettesFactors that help determine menu prices at a local restaurantDE & DB & EAA consumer is happiest at the highest point on his/her indifference curve.A consumer will have more utility on an indifference curve closer to theorigin than one farther away.Indifference curves do not change when incomes increase or decrease.Each bundle of goods on a consumer's indifference curve provides thesame utility.PreferenceCompletenessIndifferenceUtilityGovernment taxes or subsidiesChanges in input pricesChanges in market priceTechnological changesIn the long run, every firm’s marginal cost must equal zero.The marginal cost will consistently fall with an increase in production.Marginal cost can be found at the intersection of a firm's budgetconstraints and production function.Marginal cost is the change in total cost that results from a single unitincrease in the quantity produced.1-1.51.28-0.28Barriers to entryFirms do not produce at minimum costEasy entry and exit to and from the marketImperfect informationBusinesses lay off workers during downturns in the business cycle.Businesses recognize the benefit of keeping skilled workers in the longrun.Businesses lay off workers to keep costs down.Businesses trade labor for capital during periods of economic growth.Rivalrous and exclusiveNon-rivalrous and non-exclusiveRivalrous and non-exclusiveNon-rivalrous and exclusive
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Economics, Tania

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