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\fD Question 13 1 pts What is the marginal utility of a good? O MU'P O MU/P MU-P O MUD Question 16 1 pts What is it called to make the producer of an externality feel the harm himself he is doing to others? Righting the wrong. Internalizing the externality. Fixing the broken. Helping the needy. D Question 17 1 pts A donut gives a person 50 utils and an apple gives them 20 utils. The donut costs $3 and the apple costs $1. If the shopper is going to buy either 1 dont or 1 apple, which would they buy? There is no advantage. Buying one is a good as the other. The shopper would not want either one of them. He would only want to buy items with negative utility. The donut. The apple.Question 14 1 pts What is the marginal utility per dollar of a good? O MU'P O MU O MU/P O MU-P Question 15 1 pts Assuming a firm can hire fractions of workers, they should hire additional workers until what occurs? The marginal revenue product of a worker is as low below his marginal factor cost as possible. The marginal revenue product of a worker equals his marginal factor cost. There are no more workers available to hire. The marginal revenue product of a worker is as high above his marginal factor cost as possible.Question 9 1 pts When the supply of workers decreases, what will likely happen to wages. O Fall. Rise. It is equally likely they will rise, fall, or stay the same. O Stay the same. Question 10 1 pts According to the median voter theory, which candidate is most likely to win an election? The candidate who bravely takes controversial stands. The one who's positions are closest to the average voter's. The candidate who promises the most free things to the voters. The candidate who looks the best on television.Question 6 1 pts Amy, Bart, and Carla are the 3 workers in a theater snack bar. Amy usually runs the cash register, and this job has an MRP of $120 a day. Bart usually runs the soda and candy counter, and this job has an MRP of $100. Carla usually cleans up the place, and this job has an MRP of $70. The workers are interchangeable. How much is Amy paid a day? $96.67 $100 $70 $120Question 7 1 pts What is it called when a certain characteristic of a person or situation can be used to give information about that person or situation (for example, wearing a tie to a job interview shows you are someone who "follows the rules.")? Telling. Marking. Signalling. Infomercial. Question 8 1 pts Referring to the directly above question, why doesn't the applicant just tell the interviewer that he is a rules follower? Asking questions about this is illegal under the anti-discrimination laws. The interviewer may not choose to ask about it, and then the applicant will not get the chance to say it. The interviewer will suspect the applicant is lying. Many employers don't care if you follow their rules or not.Question 5 1 pts Here is a table with the MPL and MRPL numbers filled in. These are not the same numbers as for questions #1-4. The marginal factor cost of hiring a worker is $230. How many workers will this business hire? N MPL MRPL 8 60 300 9 50 250 10 20 100 0 8. 10. Less than 8.\fQuestion 1 1 pts N is the number of workers working at a cookie factory and Q is the total number of boxes of cookies made by that total number of workers. Assume the boxes are sold for 3 dollars each. MPL = Marginal Product of Labor and MRPL = Marginal Revenue Product of Labor Note these numbers and the table numbers are the same for each of the first 4 questions. What number goes where letter A is? N Q MPL MRPL 3 50 X X 4 75 A B 5 85 C D\fQuestion 11 2 pts You and your friend Karen are the only two people who live in a small (very small town). Each of your cars creates $60 pollution per person, so $120 pollution overall. There is a device that cuts pollution by two-thirds and costs $50. How much would you gain or lose (a negative number is a loss) by buying and installing it when Karen did not buy it? O +$30 O +$10 O -$30 O -$10 D Question 12 2 pts You and your friend Karen are the only two people who live in a small (very small town). Each of your cars creates $60 pollution per person, so $120 pollution overall. There is a device that cuts pollution by two-thirds and costs $50. How much would you gain or lose (a negative number is a loss) by buying and installing it as part of a deal with Karen so that she does so also. O -$30 O -$10 O +$30