Question 1
0 out of 1 points
Root beer Candy bars
Quantity
Total
Marginal
Quantity
Total
Marginal utility utility utility utility 0
0
0
0
0
0
1
60
60
1
80
80
2
110
50
2
150
70
3
150
40
3
200
50
4
180
30
4
230
30
5
200
20
5
240
10
Reference: Ref 6-8
(Table) In the table, the total utility from consuming three root beers and two candy bars is:
Selected Answer:
310 utils.
Correct Answer:
300 utils.
Question 2
1 out of 1 points
Root beer Candy bars
Quantity
Total
Marginal
Quantity
Total
Marginal utility utility utility utility 0
0
0
0
0
0
1
60
60
1
80
80
2
110
50
2
150
70
3
150
40
3
200
50
…show more content…
Correct Answer:
when the price of a good decreases, people switch from more expensive goods.
Question 14
0 out of 1 points
The slope of the budget line is:
Selected Answer:
positive, since income and prices are positive.
Correct Answer:
negative, since to purchase more of one good means giving up some of the other good.
Question 15
1 out of 1 points
Total utility is:
Selected Answer:
the total satisfaction a consumer receives from consuming a certain amount of the good.
Correct Answer:
the total satisfaction a consumer receives from consuming a certain amount of the good.
Question 16
1 out of 1 points
Utility measures:
Selected Answer:
how much satisfaction is gained from the consumption of a good or service.
Correct Answer:
how much satisfaction is gained from the consumption of a good or service.
Question 17
1 out of 1 points
Economic costs are the sum of _____ and _____.
Selected Answer:
explicit costs; implicit costs
Correct Answer:
explicit costs; implicit costs
Question 18
0 out of 1 points
Economies of scale:
Selected Answer:
are harmful to firms.
Correct Answer:
can only occur in the long run.
Question 19
1 out of 1 points
Economists calculate profits as total revenue minus:
Selected
Looking at Charley’s list she saw that the different energy drinks contained the following numbers of calories:
How will a consumer decide whether to purchase a good? When a consumer purchases a good, what does this reveal?
However, having an advantage over one or the other doesn’t do any good it only creates more problems.
Freedom is the ability to express one's beliefs, wishes, desires, and so on. When people think freedom, they may think of the West being a major symbol of it. However, that is not necessarily the case in several instances. Freedom should be the ability to walk freely, as Chief Joseph described. The unfairness towards the Chinese, Native Americans, and the Hispanic Americans counteracts the idea of the West symbolizing freedom.
I unfortunately saw this message when I arrived at campus. I then had to be at my job at 2pm so I have been unable to virtually participate until now.
I think in the Latino community, nearly anybody knows journalist Jorge Ramos, who is the Univision news anchor. Ramos is not an activist, yet he is pro-immigrant and in the past years, he has spoken for the people whose voices are not heard: undocumented.
Pollan states that energy-dense foods are the cheapest on the market. For example, one dollar can either buy 1,200 calories of potato chips/cookies or 250 calories of carrots. One dollar can also buy either 875 calories of soda or 170 calories of juice. Most people opt for the first options because you get more calories for your money. This is the reason the daily intake of calories has jumped ten percent and all of these extra calories can be traced back to the farm. Corn has become a product in many of the things we eat. In 1980, corn, or rather high-fructose corn syrup, became an ingredient in Coca-Cola. Coca-Cola had clever marketing when they changed their eight ounce bottles to twenty ounces to get people to pay a little more for a larger amount of coke. Because of this, consumption of sugars has grown from 128 pounds to 158 pounds per person. If corn had never been put in Coca-Cola would we be healthier today? Would our consumption of sugars be lower? This chapter led me to think more about why people choose to eat the things they do and made me realize that these less nutritious foods have a big impact on us in the long run.
May 15, 2015 Jorge Ramos delivered a commencement address at the University of Southern California Annenberg School for Communication and Journalism. Here Ramos speaking specifically to graduates in the room majoring in communication with different concentrations that may lead to a similar job such as his.
It does actually. But I think it’s better to have both in moderation instead of pursuing just one greedily.
|. One drink is equivalent to two fat exchanges when calculating caloric intake (ADA, 2008)
Since we buy things that we need in order to live, this shows how consumerism
In the past 3 years, Phillip has consumed 14, 235 bowls of cereal. He eats 6 cereal boxes and 15 pints of milk in only one week and, he consumes a 5 kg sugar bag every nine days. On top of that, he washes all this down with cups of tea containing 6 sugars.
Consumers will be more likely to buy the other product if they have bought on-not less likely."
The problem of such purchasing is that the natural satisfaction of needs is replaced by the artificial. A good example is the marketing of milk products in the Third World. In the 1970s the multinational food company Nestle advertised powdered milk for babies as an alternative to breast feeding in countries such as Kenya. The attractiveness of the product was enhanced by the positive image of development, modernity and technology that businessman projected to mothers. In this case, however, the results were tragic, because the product required sanitary conditions that were not available in those times. Therefore, many infants who were fed in this way faced illness and even death. Far from offering a diversity of choices for the satisfaction of needs, advertisement offers only one message: “purchase a commodity.”
“As a consumer consumes more and more units of a specific commodity, the utility from the successiveunits goes on diminishing”.