When total utility is at a maximum, marginal utility is zero.
a. true
b. false
Answer: a. true
Economics
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The elasticity of the momentary supply curve for any good always equals
A) zero. B) one. C) positive infinity. D) None of the above answers is correct.
Economics
Why is national defense better off as a natural monopoly? What other industry or service do you think should be a natural monopoly?
What will be an ideal response?
Economics
The central role of ________ in a market economy is bringing together savers and borrowers
A) sole proprietors B) financial intermediaries C) stock exchanges D) corporations
Economics
The price elasticity of demand coefficient for a good will be greater:
a. if close substitutes exist. b. if minor complements exist. c. in the short-run. d. if a small portion of the budget will be spent on it.
Economics