To decide which of the two goods is a better buy, a consumer should compare the products' _____
a. marginal utilities
b. total utilities
c. marginal utilities per dollar
d. total utilities per dollar
e. disutility
c
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If Joe has budget constraint C in the graph shown, what is the relative price of three gallons of milk?
This graph shows three different budget constraints: A, B, and C.
A. 2 cases of soda
B. 4 cases of soda
C. $12
D. $9
The primary source of corporate financing in the United States is
a. the sale of stock. b. the sale of bonds. c. retained earnings. d. lending from commercial banks.
The Coase theorem states that when permits are non-tradable, the outcome will be optimal, regardless of who initially gets the permits
a. True b. False Indicate whether the statement is true or false
The March 2000 "tech bubble" burst caused the aggregate demand curve to shift to the left by ________
A) causing an upward spike in the real interest rate B) reducing autonomous spending by households and businesses C) reducing government spending on high-tech equipment D) all of the above E) none of the above