Generally speaking, as more of a particular good is purchased, a consumer's marginal utility
A. increases and total utility decreases.
B. decreases and total utility increases.
C. increases and total utility increases.
D. decreases and total utility decreases.
Answer: B
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Fluctuating exchange rates can alter a multinational firm's profits and losses. German company Bayer produces products in Germany and sells them in the United States
If the dollar depreciates against the euro, then Bayer's sales in the United States should ________ because it will take ________ U.S. dollars to purchase the German-made products. A) fall; more B) fall; fewer C) rise; more D) rise; fewer
The inflation rate has been constant for several years at 4 percent, and the unemployment rate has been stable at 6 percent over the same time period. Changes in government policy that cause the inflation rate to rise to 6 percent will
A) have no effect on the unemployment rate. B) cause the unemployment rate to fall in the short run. C) cause the unemployment rate to rise to 9 percent in the short run. D) cause the unemployment rate to rise in the short run, but we cannot tell by how much.
If the price elasticity of demand is elastic, then:
a. Ed < 1. b. consumers are relatively not very responsive to a price increase. c. an increase in the price will increase total revenue. d. there are likely a large number of substitute products available.
The president of the Federal Reserve Bank of which district has a permanent vote in the Federal Open Market Committee?
a. San Francisco. b. New York. c. Chicago. d. Atlanta e. Boston.