Question: The marginal benefit Sabrina gets from purchasing a third pair of gloves is a. the total benefit from purchasing three pairs of gloves minus the

The marginal benefit Sabrina gets from purchasing a third pair of gloves is a. the total benefit from purchasing three pairs of gloves minus the total benefit from purchasing two pairs of gloves. b. the same as the total benefit from purchasing three pairs of gloves. c. more than the marginal cost of purchasing the third pair of gloves. d. the total benefit from purchasing four pairs of gloves minus the total benefit from purchasing three pairs of gloves

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Better Best Boys Limited (BBB) operates a Canadian professional baseball club, the Better Best Boys, that won the Canadian Baseball League title in October 2020. BBB is 30% owned by Mr. Bill Griffin,...

Gm Instagram True False Question 3 2 / 2 pts 2 1 The marginal benefit Sabrina gets from purchasing a third pair of gloves is O the same as the total benefit from purchasing three pairs of gloves....

16.Inflation is defined as a period of rising productivity in the economy. b period of rising income in the economy. c. an increase in the overall level of output in the economy. d. an increase in...

Question 8 Bill is restoring a car and has already spent $4000 on the restoration. He expects to be able to sell the car for $5800. Bill discovers that he needs to do an additional $2400 of work to...

Question 1 {4 points} all (Table: The Production Possibilities for Large Tractors and Petroleum) Use Table: The Production Possibilities for Large Tractors and Petroleum. Both the United States and...

Question 5 (1 point) At the farmer's market in Irvine, California, the price of avocados is set at $3 each. At that price, 120 avocados are supplied but only 100 are purchased. Represent this on a...

Question 1 (1 point) Which of the following is an implicit cost to a firm that produces a good or service? Question 1 options: costs of renting or buying land for a production site costs of operating...

Answer the microeconomics questions below. Econ 1101: Principles of Microeconomics Questions 2-4 consider the market for coal. For each of the following situations, determine what happens to the...

Question 1 (4 points) I-u (Table: The Production Possibilities for Large Tractors and Petroleum) Use Table: The Production Possibilities for Large Tractors and Petroleum. Both the United States and...

Which of the following must be true for a good for which there is demand and a limited supply? (2 points) The good has no utility. The good's producer enjoys a comparative advantage. Most consumers...

Hey, are there any answers to this assignment? We have the same financials and questions as this! Thanks! MANAGEMENT 120B CASE 1 WHOLE FOODS MARKET (WFM) LEASES Objective: Constructively capitalize...

ABC Co. uses the installment sales method. On January 1, 20x1,ABC Co. sold goods costing P780,717 for an installment sale price of P2,200,000 collectible as follows: 20% down payment Balance is...

Willie Ann Madison incorporated Cherokee Children & Family Services Inc. (CCFS) as a nonprofit pub- lic benefit corporation and was its executive director. CCFS was to provide childcare brokerage...

TB 1 7 - 0 4 Directors have a personal liability for all of . . . Directors have a personal liability for all of the following except Multiple Choice employee wages outstanding on bankruptcy....

With this case, we review the profitability of several restaurant companies. The restaurant companies reviewed and the year-end dates are as follows: 1. Yum Brands, Inc. (December 30, 2008; December...

Broom Manufacturing used cash to acquire 75 percent of the voting stock of Satellite Industries on January 1, 20X3, at underlying book value. At that date, the fair value of the noncontrolling...

The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: a. Cash balance according to the company's records at August 31, $14,190. b. Cash...

The actual cash received from the day's cash sales was $18,125 and the amount indicated by the cash register total was $18,200. a. What is the amount deposited in the bank for the day's sales? b....

The following selected transactions were completed by Epic Co. during August of the current year: Aug. 3. Purchased merchandise on account for $33,400, terms FOB destination, 2/10, n/30. 9. Issued...

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

A friend of yours from college, who you havent talked to in three years, sends you an email asking you to meet him for lunch. He says hes got a great idea for a business and wants to run it by you....

If a brick-and-mortar retailer were to use FBA, what information systems would it not need to develop? What costs would it save?

hoW Can neW hardWare affeCt ComPetitive strategies?