If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will happen as the consumer consumes additional units of the product?
A. Marginal utility of the additional units will be greater than zero
B. Total utility will turn negative
C. Marginal utility of the additional units will turn negative
D. Total utility will increase at a diminishing rate
C. Marginal utility of the additional units will turn negative
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The supply of loanable funds has a ________ slope because the greater the interest rate, the ________ the reward to saving, and the ________ the quantity of loanable funds supplied
A) positive; lesser; lesser B) negative; lesser; greater C) positive; greater; lesser D) positive; greater; greater
Antitrust laws in other countries are weak in comparison to U.S. antitrust laws
a. True b. False Indicate whether the statement is true or false
A choice architect is someone who:
A. determines which choices are available to builders in a specific area. B. designs areas that have a lot of choices in determining how the space is used. C. is in a position to shape the decision-making environment. D. determines how people should make decisions inside of a specific environment.
The selection of particular products’ production processes
A. determines the output of other products made with those inputs at the same time. B. is part of the distribution problem in an economy. C. is accomplished without regard to profit in a laissez-faire economy. D. depends upon plans for distribution of the products.