Using the above table, diminishing marginal utility begins after the ________ glass of water is consumed.
A. 6th
B. 5th
C. 1st
D. 2nd
Answer: C
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The above table gives the demand and supply schedules for cat food. If the price is $3
00 per pound of cat food, will there be a shortage, a surplus, or is this price the equilibrium price? If there is a shortage, how much is the shortage? If there is a surplus, how much is the surplus? If $3.00 is the equilibrium price, what is the equilibrium quantity?
The Dango describes
A. covert collusion in the Japanese construction industry. B. a Korean business arrangement whereby only firms with insider connections may enter an industry. C. a bribe paid by colluding business firms to get government contracts in Asia. D. the price set by the price leader in Eastern European oligopolies.
A decrease in German residents' willingness to invest in dollar-denominated assets will shift the demand curve for
A. dollars to the left. B. euros to the left. C. dollars to the right. D. euros to the right.
Suppose that demand for portable power banks increases, and simultaneously, the supply of portable power banks increases. Which of the following would you conclude definitely will occur in the market for portable power banks?
A. The market clearing price will rise. B. The market clearing price will fall. C. The equilibrium quantity will fall. D. The equilibrium quantity will rise.