Refer to the accompanying figure. The marginal utility of the 5th apple is: Number of ApplesTotalUtility120235345450545
A. 0.
B. 5.
C. 45.
D. -5.
Answer: D
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About ________ of pharmaceutical patents are issued to U.S. firms
A) 10 percent B) one-half C) two-thirds D) 90 percent
The United States economy has experienced a decrease in competition over the last three decades
a. True b. False
The sum of the value added at every stage of production is equal to the
a. final selling price of a product b. value of all the intermediate transactions in the production process c. value of national income in the economy d. value of net domestic product in the economy e. value of all the inventories in the economy
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.