According to the following graphs, at point B,
The price of Y is $15 per unit.
A. the consumer's utility is greater than it is at point A.
B. the consumer can exchange one unit of X for one unit of Y and keep income unchanged.
C. the marginal rate of substitution of X for Y is greater than it is at point A.
D. both a and b
E. all of the above
Answer: C
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A "registration statement" is drawn up in the process of
A) preparing a private placement. B) requesting the waiving of a restrictive covenant. C) underwriting publicly-sold securities. D) listing the collateral on a loan.
Which of the following students exhibits satisficing behavior?
a. Mick studies his economics notes every night so that he can be sure to earn a perfect score on his exam. b. Bill studies his economics notes for a few hours the night before the test because he will be satisfied with a C on his exam. c. Marguerite studies extensively as she will only be satisfied with a very high score. d. None of these students exhibits satisficing behavior.
Exhibit 8-2 Demand and cost information for a monopoly Q P TC 0 40 10 1 30 15 2 20 25 3 10 40 4 0 60 The marginal revenue of the second unit of output in Exhibit 8-2 is:
A. 10. B. 20. C. 30. D. 40.
Rapid population growth since 1800 has occurred primarily because of:
A. a significant increase in total fertility rates as living standards have risen. B. a significant reduction in death rates as living standards have risen. C. a significant increase in replacement rates as living standards have risen. D. all of these.