Marginal utility:
A. is the change in a consumer's utility resulting from the addition of a very small amount of some good.
B. is the total utility a resulting from consuming some good, divided by the amount consumed.
C. is the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the amount added.
D. is the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the total amount being consumed.
C. is the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the amount added.
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Which of the following is not included in the M1 category?
a. Currency b. Checkable deposits c. Traveler's checks d. Savings deposits
Using the expenditure approach, calculate the GDP for the United States during a one year period with hypothetical numbers. Be sure that the numbers for each category reflect a realistic proportion.
What will be an ideal response?
If a competitive firm maximizes shortminusrun profits by producing some quantity of? output, which of the following must be true at that level of? output?
A) p = MC. B) MR = MC. C) p ? AVC. D) All of the above.
In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, an open market sale ________ the ________ of reserves, causing the federal funds rate to increase, everything else held constant
A) increases; supply B) increases; demand C) decreases; supply D) decreases; demand