Popeye cannot eat enough free spinach. With this information, we know that Popeye's:

A. marginal utility for spinach is falling.
B. total utility for spinach is falling.
C. marginal utility for spinach never falls.
D. total utility for spinach is always rising.


Answer: D

Economics

You might also like to view...

If the Federal Reserve raises the U.S. interest rate, foreigners'

A) demand for U.S. dollars will increase and the exchange rate will rise. B) demand for U.S. dollars will decrease and the exchange rate will fall. C) demand for U.S. dollars will increase and the exchange rate will fall. D) demand for U.S. dollars will decrease and the exchange rate will rise.

Economics

When long-run average cost increases as output increases there are

A) economies of scale. B) diseconomies of scale. C) constant returns to scale. D) none of the above.

Economics

Refer to Table 19-18. What is the GDP deflator in 2011 if 2016 is the base year?

A) 187 B) 87 C) 8.7 D) 0.87

Economics

The period of the business cycle between the peak and the trough is the

A) recession. B) expansion. C) recovery. D) All of the above may fall between the peak and the trough.

Economics