If the price of a good falls, the marginal utility per dollar spent on that good:
a. also falls.
b. stays the same.
c. rises.
d. will rise or fall, depending on the consumer.
e. remains unchanged, provided the consumer buys no more of the good.
c
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Americans, other than jewelers or rare coin collectors, were not allowed to own gold from the early 1930s until the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
Taxation of agricultural land at a lower rate than commercial property might be justified _____
a. on utilitarian grounds b. on the benefit principle c. on the ability-to-pay principle d. on efficiency grounds
Which of the following is true?
a. Industry structure determines firm conduct which in turn determines firms' performance b. Industry structure determines firm performance which in turn determines firms' conduct c. Industry conduct determines firm structure which in turn determines firms' performance d. Industry performance determines firm conduct which in turn determines firms' structure
If you buy an option for a premium of $0.30/bu what is the most you can lose?
A. $0.30/bu B. The initial margin deposit plus $0.30/bu C. Your potential loss is "unlimited" D. The accumulated profit or loss as shown in the margin account.