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The principle of diminishing marginal utility means that when Sarah eats pizza, her satisfaction from the second slice of pizza is probably:

When Joe watched a television movie, his viewing was ________ because other people ________ able to view the movie at the same time Joe did.

A factory that pollutes a river has negative externalities on residents along the river. If the factory and residents can negotiate, an efficient result can be achieved only if the property right of the river is assigned to the residents. True, False, or Uncertain? Then Justify your answer next.

Refer to Figure above. Monopolists like perfect price discrimination because it allows them to wipe off the entire consumer surplus. If there are no fixed costs of production, the monopoly’s profit with perfect price discrimination equals

PROBLEM A Use this scenario to answer this question and the next few questions. Scenario Lola Chiko: Although her product is illegal, Lola Chiko operates her drug enterprise according to the sound business practices she learned in Econ 1110. She has two sets of customers, experimenters and addicts, and she has no competitors for this particular nasty drug. The demand schedules for each customer market per day are listed below. Her marginal cost per dose is $9.99 (you may round this to $10 in your calculations). Her fixed costs are $1000 per day for the car with dark windows, the cellular phone, life insurance, and bribes. Assume that she makes her customers pay in ten-dollar bills to reduce her carrying costs, and will not give change. The table below summarizes the demand faced by Lola.   Experimenters Addicts Combined Price Doses Revenue MR Doses Revenue MR Doses Revenue MR $80 0   ////// 10   //////      //////  70 4     12           60 8     14           50 12     16           40 16     18           Please copy and paste below, then complete the table with Revenue (Rev) and Marginal Revenue (MR). Note: Alternatively you may use a scratch paper to complete the table and then upload a scan/picture of it on the last questions of the test.

PROBLEM B Use the following scenario Painting to answer this question and the following ones. Scenario Painting: Consider the following production function for Jack’s Painting Services, where L is the number of labor hours and Q is the quantity of closets painted per week. L Q MPL APL 0 0     40 10     80 24     120 36     160 44     200 50     240 54     Copy and paste the table below and complete it by calculating the average product of labor (APL) and marginal product of labor (MPL). Note: Alternatively you may use a scratch paper to complete the table and then upload a copy of it on the last questions of the test.

Which of the following is NOT one of Karl Marx’s four types of alienation?

Evaluate this question for the presence of the necessary elements of an acceptable research question: Is there a difference in anxiety levels if the personal trainer is a female versus a personal trainer who is male?    

“Gel pillows will reduce bilateral head flattening in preterm infants.” This hypothesis is which of the following:

Evaluate this question for the presence of the necessary elements of an acceptable research question: Is there a correlation between personal trainers’ experiences?