The change in the consumption of one good that just offsets a one-unit change in the consumption of another good is the
A) marginal utility.
B) marginal rate of consumption.
C) marginal rate of substitution.
D) marginal rate of satisfaction.
Answer: C
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A quality-of-life index measures absolute poverty levels
a. True b. False Indicate whether the statement is true or false
If a price-searcher firm can sell nine units at a price of $6, or it can sell ten units at a price of $5.75, what is the marginal revenue of the tenth unit?
a. $1 b. $3.50 c. $5.75 d. $6
GDP measured using current prices is called:
A. constant GDP. B. real GDP. C. deflated GDP. D. nominal GDP.
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should set a price of
A. $18. B. $22. C. $23. D. $25.