Using the above table, the marginal utility for the sixth glass of water is
a. -1 utils
b. -3 utils
c. -5 utils
d. -7 utils
e. none of the above
c
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Regression analysis that analyzes the relationship between one dependent variable and several independent variables is called:
A) simple regression analysis. B) correlation analysis. C) multiple regression analysis. D) cluster analysis.
An upward-sloping straight line exhibits a direct relationship between two variables
a. True b. False Indicate whether the statement is true or false
In the long run a company that produces and sells organic tofu incurs total costs of $1,200 when output is 1,200 units and $1,650 when output is 1,400 units. The tofu company exhibits
a. diseconomies of scale because total cost is rising as output rises. b. diseconomies of scale because average total cost is rising as output rises. c. economies of scale because total cost is rising as output rises. d. economies of scale because average total cost is falling as output rises.
Which of the following positions would a mercantilist support?
A. Trade in manufacturing goods is good for the United States. B. Imports to the United States from Japan are beneficial to the United States. C. Exports from Japan to the United Kingdom are beneficial to Japan. D. Movement of labor from the United Kingdom to the United States is beneficial to the United States.