A negative marginal utility implies negative total utility.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The tables above show a nation's labor demand and labor supply schedules and its production function. The equilibrium real wage rate is ________ and the equilibrium quantity of labor is ________ billion hours per year
A) $50; 100 B) $40; 90 C) $30; 80 D) $40; 80 E) $20; 110
In a contingent contract
A) the risk neutral party bears the risk. B) monitoring is not possible. C) the principal will be at a disadvantage. D) the payoffs are dependent upon another variable, such as revenue or profit.
Microeconomics explores the allocation of scarce resources from the perspective of small economic units such as consumers and firms
a. True b. False Indicate whether the statement is true or false
Use the figure below to answer the following question.
What area represents tax revenue after the government imposes the excise tax on the market?
A. triangle abc B. triangle $1c$9 C. triangle $21a$13 D. square $13ac$9