If a restaurant served free steaks, people would consume more and more steaks until their ________ fell to zero.
A. marginal utility
B. total utility
C. consumer surplus
D. None of the choices are correct.
A. marginal utility
You might also like to view...
The occurrence of bank failures in the United States
A. ended after 1933 and the creation of the FDIC. B. increased dramatically during the Clinton administration. C. reappeared in intensity in the late 1990s and early 2000s. D. reappeared in the 1980s and early 1990s and again in 2006.
An increase in income in other countries, other things equal, would cause U.S. _____
Fill in the blank(s) with the appropriate word(s).
Domestic agricultural subsidies intended to support the nation's farmers would not be considered a trade barrier so would not be disputed internationally
Indicate whether the statement is true or false
If the dollar appreciates relative to the yen
A. there is no reason to expect either appreciation or depreciation of the yen. B. the yen must depreciate relative to the dollar. C. the yen may also appreciated in value. D. the yen will appreciate only if U.S. exports to Japan exceed U.S. imports from Japan.