Multiple Choice
Lunch in Jamie's dorm is an all-you-can-eat buffet,served from 11 a.m.until 1 p.m.By noon,the buffet is picked over,and by 12:30,there are very few popular items left.The garbage bins,though,are full of food.
Refer to the information given above.If the cafeteria changed its policy so that students had to pay for each item chosen,students would:
A) continue to make the same selections as before,but waste less.
B) select only the most expensive items in the buffet.
C) experience shortages earlier in the day.
D) make food selections so that the marginal benefit was no less than the price of the item.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: A positional externality:<br>A)can only occur in sports.<br>B)arises
Q26: Which of the following would be most
Q27: Suppose Erie Textiles can dispose of
Q28: A village has five residents,each of
Q29: Which of the following is most likely
Q31: Early settlers in the town of Dry
Q32: When part of the cost of an
Q34: A resource that has common property rights
Q35: In order to achieve a socially optimal
Q162: When one's performance is judged relative to