Marginal utility is defined as the
a. average amount of satisfaction gained from consuming a product
b. total amount of satisfaction gained from consuming a product
c. additional satisfaction gained from consuming one more unit of a product
d. total amount of satisfaction gained from consuming a product divided by the number of units consumed
e. total amount of satisfaction gained from consuming a product times the number of units consumed
C
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The Taft-Hartley act allows the president to call for an 80-day "cooling-off" period if a strike imperils the ___________.
Fill in the blank(s) with the appropriate word(s).
People demand money for all of the following reasons EXCEPT
A. it is a store of value. B. it generates a rate of return. C. it is a medium of exchange to make payments. D. it can meet unplanned expenditures.
The slope of a vertical line is
A. negative. B. infinite. C. continually changing. D. zero.
The price of tradable emission permits for sulfur dioxide
A. remained almost totally unchanged since 1992. B. has steadily decreased since 1992. C. was set at a specific price in 1992 and cannot change without a new law. D. has steadily increased since 1992.