For most goods and most people, marginal utility probably:
a. continues to increase as larger quantities are purchased.
b. declines as consumption increases
c. plummets after the first few units but soon begins to rise.
d. is negative after the first unit of a good is purchased.
b
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Employers in a city must pay a specific tax of $t per hour worked by their employees while employers in the suburbs of the city do not have an employment tax
What does a general equilibrium approach predict regarding the wages and employment of both the city and suburban workers if the city decides to substantially reduce their employment tax rate? A) Wages will increase in the city, but not in the suburbs, and employment will increase in both. B) Wages will increase in both the city and the suburbs, but employment will fall in both. C) Wages will increase in both the city and suburbs, employment will increase in the city, but decrease in the suburbs. D) Wages will increase in both the city and the suburbs, employment will decrease in the city, but increase in the suburbs.
Pollution prevention
a. has nothing in common with industrial ecology b. emphasizes the household sector c. suggests source reduction and toxic chemical use substitution as preventive goals for industry d. none of the above
Which or the following events would unambiguously cause a decrease in the equilibrium price cotton shirts?
A) An increase in the price of wool shirts and a decrease in the price of raw cotton. B) A decrease in the price of wool shirts and a decrease in the price of raw cotton. C) An increase in the price of wool shirts and an increase in the price of raw cotton. D) A decrease in the price of wool shirts and an increase in the price of raw cotton.
The improved health of a nation can increase:
A. economic growth and malnutrition among children. B. productivity of workers and fiscal policy spending. C. the productivity of workers and economic development. D. economic development and illiteracy.