A fall in inventories is synonymous with ________ investment
A) negative fixed
B) positive fixed
C) positive inventory
D) negative inventory
D
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The following table lists the utility that Steve receives from consuming oranges at $0.50 apiece. What is the marginal utility of increasing consumption from two to three oranges?Number of orangesTotal utility001429315420524
A. 5 B. 3 C. 12 D. 6
Which of the following is a source of government failure but is not typically an example of market failure?
A. Waste. B. Inequity. C. Monopoly. D. Externalities.
Microsoft's argument against the government's antitrust suit included all but which one of the following?
A. It was a natural monopolist. B. It dominated the computer industry because it produced the best products. C. It must behave like a competitive firm because of potential competition. D. The market, rather than the government, could make the best decision for consumers.
From Table 2.3, at the price of $4, there is a 
A. shortage of 2. B. surplus of 4. C. neither a shortage nor a surplus. D. surplus of 2.