When marginal utility is positive but decreasing, total utility is
A. decreasing.
B. increasing.
C. zero.
D. negative.
Answer: B
You might also like to view...
Table 11-1 Y = C + I + G C = 500 + 0.8(Y?T) I = 300 G = 700 T = 0.25Y Refer to Table 11-1. What is the level of consumption in this model?
A. 2,950 B. 2,750 C. 2,550 D. 2,350 E. 2,150
A country seeking to maintain internal balance would be concerned
A) only with attaining low levels of unemployment. B) primarily with ensuring that saving is weighted more towards domestic investment than the current account. C) with large fluctuations in output or prices. D) with maintaining an adequate stock of gold reserves. E) with stabilizing employment levels globally.
Define “earmarks” and give an example
Please provide the best answer for the statement.
The least affordable places to live tend to be located disproportionately in the
A. upper Mid-West. B. Great Plains states. C. mid-Atlantic states and along the West Coast. D. southeastern states.