Which of the following is NOT consistent with the law of diminishing marginal utility?
A. A symphony has free throat lozenges in their lobby.
B. A student's enjoyment of a movie increases the more she watches it.
C. A student selects to eat at an all-you-can-eat restaurant rather than at a restaurant that charges for refills.
D. Newspaper vending machines are not as secure as soft drink machines.
Answer: B
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) What part of domestic output in country A is the total wage bill or total wage income before and after the immigration?
A. Area 0fad and area 0gce, respectively
B. Area 0fad and area bced, respectively
C. Area 0gbd and area bced, respectively
D. Area 0gbd and area 0gce, respectively
When the value of operating authority fell to zero after trucking deregulation, that was a sign that deregulation would not work well
Indicate whether the statement is true or false
If you reject a joint null hypothesis using the F-test in a multiple hypothesis setting, then
A) a series of t-tests may or may not give you the same conclusion. B) the regression is always significant. C) all of the hypotheses are always simultaneously rejected. D) the F-statistic must be negative.
The opportunity cost of a particular good tends to increase with its rate of output because some resources cannot be easily adapted from the production of one good or service to another
a. True b. False Indicate whether the statement is true or false