As Tabitha consumes more ice cream sundaes within a given period of time, it is likely that each additional sundae consumed will
A. bring her successively more satisfaction.
B. increase her quantity demanded for ice cream sundaes.
C. bring her successively less satisfaction.
D. increase the supply of ice cream sundaes.
Answer: C
You might also like to view...
An efficiency wage is:
A. a below-market wage. B. an above-market wage. C. a "wage" that contains a profit-sharing component. D. a wage that is free to rise or fall from day to day, depending on labor supply and demand.
Not surprisingly, when financial institutions have consolidated more services under one roof, the amount of conflicts of interest has ________, which has led to ________ in unethical behavior
A) increased; an increase B) increased; a decrease C) decreased; an increase D) decreased; a decrease
If an electricians' union is successful in its attempts to restrict entry into that craft, it will shift
a. the supply curve of electricians to the right b. the supply curve of electricians to the left c. the demand curve for electricians to the right d. the demand curve for electricians to the left e. both the supply and demand curves for electricians
In perfect competition, one result of the model was that there were no economic profits in the long run. In a monopoly, the firm typically earns a positive economic profit. Why is there this difference?
What will be an ideal response?