In terms of overall welfare, dumping is good for the importing country
Indicate whether the statement is true or false
TRUE
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Use the figure below to answer the following question.
The marginal benefit of the third unit of X is
A. 4. B. 5. C. 2. D. 15.
By definition, a firm is
A) a business organization that makes profits. B) a business organization that utilizes resources to produce goods or services with the goal of making a profit. C) a business organization that consists of more than one person. D) an organization, whether private or public, that may or may not make a profit.
Federal budget deficits became progressively smaller during the 1990s, and turned into a surplus by 1998
Indicate whether the statement is true or false
The marginal utility of good X is 6 and the marginal utility of good Y is 18. The price of good X is $2. The price of good Y must be ________ if the consumer is optimizing her utility
A) $5 B) $6 C) $18 D) $15