The total utility from three skirts is

A) three times the marginal utility of the third skirt.
B) three times the price of a skirt.
C) three skirts divided by total income.
D) the sum of the marginal utility of the first skirt plus the marginal utility of the second skirt plus the marginal utility of the third skirt.


D

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 

A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C

Economics

In the study of macroeconomics, production leads to income, and income leads to production in a continuing cycle

Indicate whether the statement is true or false

Economics

Why is the personal income tax considered to be one of the main features of our modern economy that helps ensure against a repeat performance of the Great Depression?

What will be an ideal response?

Economics

The StubHub's secondary baseball ticket market is an attempt by the league

A. to extend its monopoly in the primary ticket market to the secondary market. B. to appear to charge lower ticket prices while effectively charging higher prices. C. to capture profits made in the secondary market. D. all of these.

Economics