As an individual's consumption of a good increases

A) his or her total utility increases.
B) his or her marginal utility increases.
C) the price of the good increases.
D) All of the above answers are correct.


A

Economics

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Consider the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour.  Employment will fall by ________ person-hours per day as a result of the minimum wage.

A. 4,000 B. 8,000 C. 6,000 D. 2,000

Economics

Suppose the market for autoworkers is initially in equilibrium, but then the automakers purchase capital goods that are a substitute for workers. What happens in the market for autoworkers?

What will be an ideal response?

Economics

Financial intermediaries that primarily accept savings and make loans are known as:

a) commercial banks. b) credit cards. c) federal financial regulators. d) securities firms.

Economics

The Paris Agreement differs from the Kyoto Protocol in that many developing countries including China are participating in the Paris Agreement by pledging intended contributions to reducing greenhouse gas emissions.

Answer the following statement true (T) or false (F)

Economics