If Dian chooses a job with a lower income over one with a higher income, she cannot be maximizing utility
a. True
b. False
B
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Measured in BTUs per dollar of real GDP, energy consumption fell by only 5 percent between 1970 and 1975, but had fallen by almost 30 percent by 1990 . These figures illustrate the fact that
a. energy demand does not respond to price changes in the short run. b. energy demand does not respond to price changes in the long run. c. energy demand is more elastic in the short run than in the long run. d. energy demand is more elastic in the long run than in the short run.
From 1996 to 1998, the fall in energy prices could be used
A. to explain why productivity growth increased. B. to indicate improvements in workforce quality. C. to indicate the lack of investment. D. to explain why productivity growth fell.
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. Figure 8.9
Refer to Figure 8.9. If this farmer produces the profit-maximizing level of hay when the market price is $18 per bale, her total cost would be
A. $1,200. B. $2,800. C. $5,600. D. $6,300.
A trademark is a temporary, exclusive-ownership right legally granted to
A. criminals who develop an easily-recognizable modus operandi. B. the inventor of a new product or technique. C. the creator of a written or recorded work. D. a business for use of a phrase, logo, or name.