Roundabout trade decreases production
a. True
b. False
Indicate whether the statement is true or false
False
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Marginal utility is best computed as the ratio of:
a. total utility to change in quantity consumed. b. the change in total utility to total quantity consumed. c. total quantity consumed to total utility. d. the change in total utility to change in quantity consumed.
In recent years, the number of private, for profit, _________________ has increased dramatically.
Fill in the blank(s) with the appropriate word(s).
A decrease in the price of pizza will lead to a(n):
A. decrease in the quantity of pizza demanded. B. decrease in the number of consumers. C. increase in the quantity of pizza demanded. D. increase in the demand for pizza.
A price-discriminating monopolist will equate
A) price and marginal cost in each market. B) price and marginal revenue in each market. C) marginal revenue and marginal cost in each market. D) average revenue and marginal revenue in each market.