Using the above table, the marginal utility for the sixth glass of water is
A. 260 utils.
B. 255 utils.
C. -5 utils.
D. 5 utils.
Ans: C. -5 utils.
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A. usury. B. profit. C. rent. D. interest.
If a person is entertained by gambling, then
A) she is not risk averse. B) she does not understand the concept of a fair game. C) she may gamble even if it is an unfair game. D) she will definitely not buy automobile insurance.
When money demand decreases, the Fed can choose between:
a. increasing interest rates or increasing the supply of money. b. increasing interest rates or decreasing the supply of money. c. decreasing interest rates or increasing the supply of money. d. decreasing interest rates or decreasing the supply of money.
The Coase theorem suggests that taxes should be enacted to alleviate the effects of negative externalities
a. True b. False Indicate whether the statement is true or false