An optimal purchase is one that maximizes total utility
a. True
b. False
Indicate whether the statement is true or false
True
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Car A gets 20 miles per gallon, and sells for $17,000. Car B gets 40 miles per gallon, and sells for $34,000. In the economic way of thinking, which car is more efficient?
A) Car A B) Car B C) Both are equally efficient. D) It depends on the car buyer's estimate of cost and benefit. E) It depends on a number of statistical tests done by economists, the results of which are not stated in the question.
The BRICs share all of the following EXCEPT
A) they are getting a rising share of international trade and foreign investment. B) they are easy places to do business. C) their governments have a lot of power and authority in economic affairs. D) to varying degrees they all present a new model, sometimes referred to as state capitalism.
Why is plowback the overwhelming favorite among choices of sources of funds for financing corporate investment?
What will be an ideal response?
Household income is spent on all of the following except one. Which is the exception?
a. services b. tax payments c. durable goods d. nondurable goods e. dividends