Seemingly positive disagreements often have normative origins
a. True
b. False
A
You might also like to view...
What does diminishing marginal utility imply about the shape of a person's demand curve? Explain
What will be an ideal response?
Figure 8.3 shows a firm's marginal cost, average total cost, and average variable cost curves. At Q = 100, the total cost is:
A. $2,800. B. $4,500. C. $6,300. D. $7,000.
Which of the following statements about the gender gap in income is correct?
A. The typical woman in the U.S. earns about 75% as much as the typical man. B. In higher education, women are under-represented in more lucrative majors such as physics and chemistry. C. Gender discrimination against women resulted in an excess supply of female workers in female-dominated occupations. D. All of these
In consumer equilibrium: a. the average utility from each dollar spent is the same
b. total utility cannot be increased by reallocating spending among the goods consumed. c. total utility obtained from the consumption of each product is at a maximum. d. the marginal utility from the last unit of each good consumed is the same.