Dan owns one of the many bakeries in new york city. which of the following events will lead to an increase in dan's demand for the services of bakers?
(i) the price of muffins increases. (muffins are dan's specialty.)
(ii) dan adds three new ovens to the kitchen area to the bakers work faster.
(iii) local bakers form a union to protect themselves from low wages.
a) (i) and (ii)
b) (ii) and(iii)
c) (i) and (iii)
d) all of the above are correct.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.