Optimal decisions are made
A) if information about prices and marginal utilities is known.
B) in the marketplace.
C) at the margin.
D) when marginal utility is minimized.
C
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Increased levels of consumption:
a) Shift aggregate supply outwards so more is supplied at each price b) Shift aggregate supply inwards so less is supplied at each price c) Shift aggregate demand outwards so more is demanded at each price d) Shift aggregate demand inwards so less is demanded at each price
In the above figure, how many bushels of corn are produced at point "a"?
A. 0 B. 2,500 C. 10,000 D. 1,000
The quantity demanded of Coca Cola has increased. The best explanation for this is that
A. the price of Pepsi has decreased. B. the price of Coca Cola has decreased. C. Coca Cola consumers had an increase in income. D. Coca Cola has instituted a new, successful advertising campaign.