Which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution (MRTS)?
A) oil and natural gas
B) sugar and high fructose corn syrup
C) computers and clerks
D) keyboards and computers
C
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When people in the United States answer government surveys about how they feel about things, most report they are:
a. Very happy b. Pretty happy c. Not too happy d. Miserable
A utility-maximizing consumer would never purchase a good if the:
a. MU/P is positive. b. marginal utility is positive. c. marginal utility is negative. d. none of these is correct.
Congress passed legislation to create the federal reserve system in 1913 in order to
A. Take the monetary control over the economy away from the Treasury Department B. End the instability created by a huge crude oil price hike during that time C. End the instability created by bank panics by acting as a lender of last resort
What are the main features of the Celler-Kefauver Act?
What will be an ideal response?