If the price of a good falls, before the amount consumed changes the marginal utility per dollar from that good
A) decreases.
B) increases.
C) might either increase or decrease depending on whether the good is a substitute or a complement.
D) More information is needed to determine the answer.
B
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When you buy a United States Savings Bond, you
a. loan money to the government b. borrow money from a savings and loan association c. donate money for special government projects d. pay for your childs college education
Which of the following explains the impact of the expansion of international trade on the demand for less skilled workers in the United States?
A. An increase in international trade has increased the demand for less skilled workers. B. An increase in international trade has decreased the demand for less skilled workers. C. An increase in international trade has had little impact on the demand for less skilled workers. D. The impact of the expansion of international trade on the demand for less skilled workers in the United States varies from year to year.
Juan and Lauren have decided to stop studying economics and get a bite to eat. Juan wants to go for a pizza and Lauren wants a hot dog They decide to go for pizza. What can we conclude from this?
A) Juan always gets more utility from pizza than Lauren does. B) Lauren gets less utility from pizza than she could from a hot dog. C) Lauren will get negative utility from the pizza. D) Utility analysis does not work here since Lauren did not eat a hot dog.
Refer to the information in Figure 16.5 below to answer the question(s) that follow.
?Figure 16.5Figure 16.5 shows the marginal benefits of emitting pollution for the only two chemical companies in an industry, Alpha Chemicals and Beta Chemicals. Before any tax on pollution emissions is imposed, each company views pollution as being free.Refer to Figure 16.5. The government decides to impose a tax on pollution emissions to cut total emissions in this industry in half, and based on this decision it has set the tax at $100 per ton of emissions. Following the implementation of this tax, the total amount of emissions reduction in this industry will be
________ tons. A. 25 B. 50 C. 75 D. 100