If Mary complains that she doesn't feel very well because she ate too many hotdogs, we would conclude that the marginal utility of the last hotdog eaten was
A) positive.
B) zero.
C) very large.
D) negative.
Answer: D
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Which of the following Fed actions increases the excess reserves of commercial banks?
A. Selling bonds to the public B. Selling bonds to commercial banks C. Lower the reserve requirement D. Increasing the discount rate
For a firm, its labor costs are
A) a marginal benefit. B) a private cost. C) an external cost. D) Both answers A and C are correct. E) Both answers A and B are correct.
Which of the following will most likely accompany an unanticipated reduction in aggregate demand?
a. an increase in the general price level b. an increase in unemployment c. an increase in real GDP d. an increase in resource prices
Based on the annual number of hours worked per capita, labor supply in the United States exceeds that of France by about _______ percent
A. 20 B. 34 C. 51 D. 58