"I really enjoy watching movies. The first one is best. After that I still enjoy movies but the last one is not as much fun to watch as the one before it." This statement reflects the
A) principle of diminishing total utility.
B) principle of diminishing marginal utility.
C) principle of increasing marginal utility.
D) law of supply.
B
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Corporate managers and shareholders do not always have the same goals
Indicate whether the statement is true or false
Under perfect price discrimination the monopolist produces ________ a perfectly competitive market.
A. the same amount of output as a non-discriminating monopolist as well as B. less output than an imperfectly price discriminating monopolist, but more than C. more output than an imperfectly price discriminating monopolist, but less than D. the same amount of output as would
The most fundamental concept in economics is that
What will be an ideal response?
Unplanned inventory investment equals zero when:
A. expected sales are greater than actual sales. B. planned investment equals actual investment. C. planned investment is less than actual investment. D. planned investment is greater than actual investment.