The above table shows Homer's utility from boxes of doughnuts. The marginal utility that Homer receives from the third box of doughnuts is equal to
A) 75.
B) 25.
C) 20.
D) 3.
C
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Historically, Brazil has suffered higher and more variable rates of inflation than Venezuela
You would expect the short-run aggregate supply curve of Brazil to be ________ than that of Venezuela, and the short-run Phillips curve of Brazil to be ________ than that of Venezuela. A) flatter; flatter B) flatter; steeper C) steeper; flatter D) steeper; steeper
In the long run, a monopoly's
a. economic profits are zero b. economic profits are negative c. economic profits are positive d. demand is perfectly inelastic
What is it called when the value of a business is determined based on the value of tangible and intangible assets, net of liabilities?
a. non-liability-based valuation method b. market-based approach c. asset-based valuation method d. income-based approach e. none of these
For two goods, A and B, the rational spending rule is expressed as:
A. MUA = MUB. B. (MUA/PA) = (MUB/PB). C. MUA × MUB = PA × PB. D. (MUA/PB) = (MUB/PA).