The marginal rate of substitution is
A) the rate at which the consumer will give up one good to get an additional unit of another good while remaining on the same indifference curve.
B) the rate at which utility increases as the consumer increases purchases of a good, holding purchases of the other good constant.
C) the rate at which a consumer will exchange a good for income holding prices constant.
D) None of the above answers is correct.
A
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Which of the following institutions does not provide checkable-deposit services to the general public?
A. credit unions B. savings and loan associations C. commercial banks D. U.S. Treasury
If reservation prices are positively correlated, then
A) pure bundling cannot increase a firm's profit. B) pure bundling can increase a firm's profit. C) it is unclear whether or not pure bundling can increase a firm's profit. D) consumers lose leverage over firms.
Name the three types of unemployment.
What will be an ideal response?
When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
A. does not shift. B. shifts left. C. stays the same. D. shifts right.