Arthur Bach is worth $780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing $200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?
a. cannot tell
b. greater than $200
c. less than $200
d. 0
e. $200
C
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In the context of the environment, the type of transactions costs that includes overseeing the amount of pollution being emitted once bargaining has taken place and a bargain has been reached and ensuring that the agreed to bargain is being carried
out are called A) search costs. B) collectivization costs. C) negotiation costs. D) monitoring and enforcement costs.
Eurobonds are bonds that are
A) sold outside the borrowing corporation's home country. B) sold in Europe. C) money market instruments. D) almost always underwritten by a single bank.
If the country of Heehee makes the transition from central planning to a market economy in a matter of months, it is an example of the big-bang approach
a. True b. False
The laissez-faire system relies on the price mechanism to allocate resources.
Answer the following statement true (T) or false (F)