Q1. (Law of Diminishing Marginal Utility) some restaurants offer "all you can eat" meals. Explain how is this practice related to diminishing marginal utility? Illustrate what restrictions must the restaurant impose on the customer in order to make a profit
Q2. The U.S. government reported in July 2004 that there were 75.6 million people not in the labor force; 147.9 million in the civilian labor force also 139.7 million employed. Based on these numbers, Illustrate what was the unemployment rate?