If a restaurant guest said, "Every bite, including the last bite, tasted as good as the first," then the marginal utility for her
A. is positive.
B. is decreasing.
C. is increasing.
D. is constant.
Answer: D
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A firm's demand for a resource is a(n)
a. final demand b. derived demand c. secondary demand d. induced demand e. marginal demand
During the 2007-2009 financial crisis, the Federal Reserve took some unusual steps in its conduct of monetary policy. Which of the following was not one of them? a. It invested in AIG
b. It invested more than $1 trillion in mortgage-backed securities. c. It worked with the U.S. Treasury and with other regulators to stabilize banks and thaw frozen credit lines. d. It worked with the U.S. Treasury and other regulators to help conduct a stress test of the 19 largest banks. e. It bailed out General Motors.
Refer to the consumption schedule above. The average propensity to save at income level B is represented by:
A. 0C/0B
B. EF/BE
C. EF/BF
D. DE/AB
The price of a computer is $1,000 and the price of a car is $12,000. What is the relative price of a car? What is the relative price of a computer?
What will be an ideal response?