Use the following table to answer the question below.Number of UnitsTotal Utility110021903270434054006450What is the marginal utility of the second unit?
A. 90 utils
B. 47.5 utils
C. 95 utils
D. 190 utils
Answer: A
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Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $6 to $8 is
A. -1. B. -0.33. C. -3.29. D. -1.37.
The simultaneous occurrence of inflation and unemployment is called
a. depression b. downturn c. deflation d. demand-pull inflation e. stagflation
The nominal interest rate is:
A. the interest rate paid to borrowers. B. not adjusted for inflation. C. the interest rate paid by savers. D. the price level adjusted interest rate.
The economic impact of automatic stabilizers during inflationary periods is to
A. moderate inflationary pressures. B. have no impact on inflation. C. increase exports. D. accelerate inflationary pressures.