Use the following table to answer the question below. Number of UnitsTotal Utility110021903270434054006450The addition of which unit has the greatest marginal utility?
A. first
B. second
C. fifth
D. sixth
Answer: A
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Refer to the Article Summary. Based on the difference between the face value of Super Bowl tickets and the prices being charged in the resale market, the demand at the face value of the tickets is
A) elastic. B) unit elastic. C) inelastic. D) perfectly elastic.
The Clayton Act of 1914
a. was too vaguely worded to reduce anticompetitive behavior significantly b. prohibited conspiracies in restraint of trade c. prohibited price discrimination that reduces competition and cannot be justified based on cost differences d. created the Federal Trade Commission e. prohibited firms from reducing prices too far
In order to prosper, entrepreneurs in a market economy must
A) have at least one million dollars of personal wealth for the financing of new projects. B) undertake projects that create wealth and increase the value of resources. C) undertake projects that require resources that are more valuable than the products produced. D) find ways to slow technological change.
If a female supervisor is discriminated against by one of her workers who refuses to cooperate, she may earn lower wages.
Answer the following statement true (T) or false (F)