As Sally increases her consumption of a good, she experiences diminishing marginal utility if her total utility
A) increases at a constant rate.
B) increases at a decreasing rate.
C) increases at an increasing rate.
D) decreases.
B
You might also like to view...
The government expenditure multiplier reflects the magnification on ________ from a change in government expenditure on goods and services
A) tax receipts B) aggregate demand C) aggregate supply D) the budget deficit E) potential GDP
A presidential candidate once famously said about a particular policy: "I voted for it before I voted against it." How might such a statement make sense in the context of sophisticated voting along agendas.
What will be an ideal response?
The World Trade Organization (WTO) promotes foreign trade and investment, or globalization. In recent years opposition to globalization has led to violent protests at meetings of the WTO. One reason for these anti-globalization protests is
A) protesters believe that free trade destroys the distinctive cultures of many countries. B) protesters believe that globalization will result in a return to communism in developing countries. C) protesters object to the loss of intellectual property (such as software programs and movies) that results from foreign trade and investment. D) foreign trade and investment are examples of zero-sum games.
In order to practice price discrimination successfully, a monopolist must ensure that there is no resale of the product
a. True b. False Indicate whether the statement is true or false