If the price of a good decreases, the resulting increase in the quantity purchased decreases the marginal utility of the good
a. True
b. False
Indicate whether the statement is true or false
True
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The expansion of governmental direct controls over the economy which characterized the "New Frontier" and "Great Society" programs of the Kennedy-Johnson years was continued and expanded by the Nixon Administration
Indicate whether the statement is true or false
The deadweight loss of a tax is
a. the reduction in economic welfare of taxpayers that exceeds the revenue raised by the government. b. the improved efficiency created as people reallocate resources according to the tax incentive rather than the true costs and benefits. c. the loss in tax revenues. d. Both a and b are correct.
The selling of stock is debt financing for a corporation.
Answer the following statement true (T) or false (F)
The entry of an additional firm into a market decreases the profit per unit of output because entry decreases the price.
Answer the following statement true (T) or false (F)