Refer to the accompanying table. The marginal utility of consuming apples is:Number of ApplesTotalUtility120235345450545
A. constantly increasing.
B. first increasing, but decreasing after the fourth apple.
C. constant.
D. decreasing after the first apple.
Answer: D
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A new model of a racecar manufactured in Germany sells successfully in China. This will cause the:
a. euro to appreciate against the Chinese Yuan. b. euro to devaluate against the Chinese Yuan. c. Chinese Yuan to appreciate against the euro. d. Chinese Yuan to devaluate against the euro.
If total reserves for a bank are $12,000, excess reserves are $2,000, and demand deposits are $100,000, the money multiplier must be
A. 10. B. 15. C. 5. D. 20.
If the size of a tax triples, the deadweight loss increases by a factor of six
a. True b. False Indicate whether the statement is true or false
Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = .6, how much will the change in investment increase aggregate demand?
A. $12 billion B. $20 billion C. $50 billion D. $33.3 billion