A reduction in the marginal tax-rate includes a substitution effect that tends to increase saving.
a. True
b. False
Indicate whether the statement is true or false
Answer: a. True
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The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10 and Jane's budget is $88. What is Jane's marginal utility per dollar spent on magazines at her consumer equilibrium?
A) 36 units B) 15 units C) 9 units D) 5 units
Based on the table "Real and Nominal GDP," if year one is the base year, then the GDP deflator for year two is ________
A) 95.5 B) 123.5 C) 118 D) 104.7 E) 116.6
An example of organizational architecture based on customer type is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
________ utility is the additional satisfaction gained by consuming ________ of a good.
A. Marginal; one more unit B. Total; no more units C. Total; one more unit D. Marginal; all units