As Goldilocks consumes more gummy bears, her total utility ________ and her marginal utility from gummy bears ________
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
B
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The figure above shows supply curves for soft drinks. Suppose the economy is at point a. An increase in the price of a soft drink is shown as a movement from point a to
A) none of the points that are illustrated. B) point b. C) point c. D) point d.
M1 includes all the following items EXCEPT ________
A) checking deposits owned by individuals and businesses B) traveler's checks C) deposits in money market mutual funds D) currency owned by individuals and businesses
Which of the following is NOT a possible resolution of externalities?
a. Coasian bargaining b. regulatory directives c. taxes and subsidies d. cap and trade e. all of the above are possible resolutions of externalities
When economists disagree, it is often over what type of issues?