The first Pepsi he drinks yields Craig 18 units of utility and the second Pepsi yields him an additional 12 units of utility. His total utility from drinking three Pepsis is 38 units of utility. The marginal utility of the third Pepsi is A.26 units of utilityB.6 units of utilityC.8 units of utilityD.38 units of utility

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.