Total utility can be calculated as the
a. difference between all marginal utilities
b. price paid for one good
c. sum of all marginal utilities
d. total expenditure on all units of the good the consumer buys
e. difference between the marginal utilities of the first and last units
C
You might also like to view...
Figure 8-4
In Figure 8-4 at output level 2,
A. MR > MC. B. the slope of the total profit curve is negative. C. there are negative profits. D. marginal revenue is rising compared to output.
With an increase in total factor productivity in the Solow growth model,
A) output decreases temporarily and returns to the previous steady state. B) output increases temporarily and returns to the previous steady state. C) the economy reaches a steady state with higher output. D) the economy reaches a steady state with lower output.
If you are stop pay a mortgage is called Default
What will be an ideal response?
A linear function can be distinguished by
A. The changing relationship between the two variables. B. The continuous change in its slope. C. A shift in the function. D. The same slope throughout the line.