According to economic theory, people will seek additional utility as long as marginal utility exceeds marginal cost
a. True
b. False
a
You might also like to view...
What is vertical conflict? Illustrate your answer with an example
What will be an ideal response?
If the seller breaches the contract but no real damages occur, a court is likely to award punitive damages to the buyer
Indicate whether the statement is true or false
Daily ambient temperatures in degrees Fahrenheit are being recorded for a global warming study. This scale of measurement for this data would be:
a. nominal b. ordinal c. interval d. ratio
The break-even salvage value of a particular project is the salvage value necessary to: a. offset any losses incurred by the subsidiary in a given year. b. offset any losses incurred by the MNC overall in a given year. c. make the project have zero profits
d. achieve a zero net present value for the project.