Which of the following is the behavior of a rational consumer?
a. to seek to maximize his or her own total utility
b. to purchase a good until marginal utility falls to zero
c. to match his or her personal utility to that of all other consumers
d. to maximize the variety of goods he or she purchases
a. to seek to maximize his or her own total utility
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Which of these refers to the “individual mandate” in the Patient Protection and Affordable Care Act (PPACA) passed in 2010?
A. All physicians must treat any patient without charging a fee. B. All United States residents are required to carry insurance or pay a fine. C. All physicians must earn the same annual salary, regardless of specialty. D. All of the above
Increases in inventories are subtracted from GDP because they reflect output that is produced but not sold
a. True b. False
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. If Sherry produces four pairs of earrings, her average fixed costs are
A. $4. B. $20. C. $25. D. $100.
In Figure 5-1 above, if the budget line is BB0 and the natural real GDP is $5300, the structural surplus or deficit is
A) FC. B) AD. C) FA. D) none of the above.