If total utility is decreasing, then
A. marginal utility is zero.
B. marginal utility is decreasing but still greater than zero.
C. marginal utility is equal to one.
D. marginal utility is less than zero.
D. marginal utility is less than zero.
You might also like to view...
Bill owns a lawn-care company in Windermere, Florida, whose cost curves are illustrated in the above figure. The market equilibrium price in this perfectly competitive market equals $32 per lawn mowed
At this price, how many lawns will Bill mow per week? A) more than 10 and less than 30 B) 30 C) 40 D) 50 E) 0
Securitization:
A. turns many loans into a single larger asset. B. is an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. C. is a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate. D. turns many loans into a risk-free secure asset.
An institution that issues a currency at a fixed rate in exchange for an equivalent amount of another designated currency and invests the funds in bonds and liquid assets that provide 100 percent backing for the currency units issued is called
a. a central bank. b. the International Monetary Fund. c. the World Trade Organization. d. a currency board.
(Consider This) Capital is a:
A. flow, whereas gross investment and depreciation are stocks. B. flow, as are gross investment and depreciation. C. stock, as are gross investment and depreciation. D. stock, whereas gross investment and depreciation are flows.