As Betsy's consumption of coffee increases, her marginal utility from coffee
A) increases.
B) decreases.
C) remains unchanged.
D) increases first and then decreases.
B
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When Federal Reserve Banks add to their holdings of government securities,
A) commercial banks must reduce their net lending. B) commercial bank reserves increase. C) the Fed is extending less credit to the economy. D) the stock of money declines.
The expenses of the U.S. Postal Service _____
a. generally do not count towards total government expenditures b. are around two percent of total government expenditures c. are around one percent of total government expenditures d. are around five percent of total government expenditures
Deregulation of the airline and trucking industries was followed by the creation of many new firms
a. True b. False Indicate whether the statement is true or false
The optimal plant size depends on
a. whether the firm confronts diminishing returns on its fixed factors of production. b. the output the firm expects to produce. c. whether the plant uses capital-intensive or labor-intensive production techniques. d. the preferences of the individual firm owners.