The additional utility from her purchase of a third pack of trading cards would be
Demand and Utility Schedules for Packs of Star Wars Trading Cards
A. $8.
B. $9.
C. $19.
D. $27.
A. $8.
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A labor-intensive production process is one that
A. Has a low ratio of capital to labor. B. Has a low ratio of labor to capital. C. Is used only in the United States. D. All of the choices are correct.
Refer to the information provided in Figure 3.17 below to answer the question(s) that follow.
Figure 3.17Refer to Figure 3.17. If the current quantity demanded of rollerblades is 150 per week, you accurately predict that in this market
A. price and quantity supplied will decrease and quantity demanded will increase. B. price, quantity supplied and quantity demanded will decrease. C. price and quantity supplied will increase and quantity demanded will decrease. D. price, quantity supplied and quantity demanded will increase.
Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save equal when real disposable income equals $14,000?
A) 1.1 B) 0.91 C) 0.09 D) 0.7
Within the IS-LM curve model, an increase in government spending financed by printing money will always
a. have no impact on income. b. lower income and raise the interest rate. c. increase the interest rate. d. lower the interest rate and increase income. e. increase income.