University tuitions are normally set at market clearing levels, which is why closed enrollment announcements are necessary
Indicate whether the statement is true or false
F
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Which of the following statements is true of marginal analysis?
A) Marginal analysis is a tool used in optimization in levels. B) Marginal analysis compares the consequences of doing one more step of something. C) Marginal analysis of alternatives will mostly give an outcome different from optimization in levels. D) Marginal analysis involves the calculation of total net benefits of all the available alternatives.
Under the current managed float exchange rate regime; countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in
their countries. A) more; cheaper B) more; costlier C) less; cheaper D) less; costlier
Suppose that at current consumption levels an individual's marginal utility of consuming an extra hot dog is 10 whereas the marginal utility of consuming an extra soft drink is 2 . Then the MRS (of soft drinks for hot dogs)—that is, the number of hot dogs the individual is willing to give up to get one more soft drink—is:
a. 5. b. 2. c. 1/2. d. 1/5.
Offering different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics is called
a. a compensating differential. b. an efficiency wage. c. discrimination. d. compensating variation.