Reginald is fond of cigars. His utility function is U (2, c) = x+10c-.5c? where c is the number of cigars he smokes per week and x is the money that he spends on consumption of other goods.
Reginald has $200 a week to spend. Cigars used to cost him $1 each, but their price went up to $2
each. This price increase was as bad for him as losing the following amount of income:

What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.0 to 4.3 percent of an $18 trillion economy? instructions: enter your response rounded to the nearest whole number?

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

Money from an allowance or job is known as .