When diminishing marginal utility starts happening as a person consumes more and more of a given good
A. total utility will increase at a diminishing rate.
B. total utility will become negative.
C. marginal utility will increase at a diminishing rate.
D. total utility will decrease at a diminishing rate.
Answer: A
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In the table above, points A through F represent _______________________ of resources.
Money is created by
A) government taxation. B) banks taking in deposits. C) banks making loans. D) banks paying for depositor's insurance.
When natural monopoly is present in an industry, the per-unit costs of production will be
a. lowest when there are a large number of producers in the industry. b. lowest when a single firm generates the entire output of the industry. c. lower for small firms than for large firms. d. minimized at the output that maximizes the industry's profitability.
If China experienced capital flight, the supply of Chinese yuan in the market for foreign-currency exchange would shift
a. left, which would make the real exchange rate of the Chinese yuan appreciate. b. left, which would make the real exchange rate of the Chinese yuan depreciate. c. right, which would make the real exchange rate of the Chinese yuan appreciate. d. right, which would make the real exchange rate of the Chinese yuan depreciate.