Which of the following is measured by utility? a. the satisfaction a person gets from consumption. b. the cost of adding a single unit of something. c. the most efficient way of organizing production. d. the difference between revenue and costs.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented