A consumer's willingness to trade one good for another can be expressed by the consumer's
A) indifference curve.
B) marginal rate of substitution.
C) Both A and B above.
D) None of the above.
C
Economics
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Total utility will be at its maximum when
A. marginal utility is negative. B. marginal utility is positive. C. marginal utility is maximized. D. marginal utility is zero.
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Under what conditions could minimum wage laws lead to increases in unemployment?
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If a price ceiling is not binding, then it will have no effect on the market
a. True b. False Indicate whether the statement is true or false
Economics
Explain how a business chooses to set output
What will be an ideal response?
Economics