If the consumer gets 30 utils from consuming four Blu-rays, 50 utils from consuming five Blu-rays, and 60 utils from consuming six Blu-rays, then the consumer's marginal utility from the fifth Blu-ray is 10 utils.
Answer the following statement true (T) or false (F)
False
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According to this Application, for approximately 12 million homeowners in 2012, the amount owed on mortgages was higher than the actual value of the homes. These homeowners used borrowed funds to purchase their homes, a practice known as
A) acceleration. B) securitization. C) leverage. D) liquidity.
In recent decades the United States has incurred overall balance of payments deficits
Indicate whether the statement is true or false
The practice of selling a product to different customers at different prices when marginal cost is the same is known as: a. price discrimination. b. monopoly pricing
c. arbitrage. d. price segregation.
If getting accepted into college is very difficult because of high standards of intelligence and ability, but students learn absolutely nothing while in college, it is most likely that
A) they will not be hired upon graduation. B) attendance sends a signal to employers regarding ability. C) nobody will want to go to college. D) a college degree is not a credible signal.