The principle of decreasing marginal benefit means that as the quantity of a good consumed
A) decreases, its marginal benefit decreases.
B) increases, its marginal benefit decreases.
C) increases, its total benefit decreases.
D) None of the above answers is correct.
B
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If the price of Pepsi increases, then there will be ___ of Pepsi.
a. An increase in the quantity demanded b. a decrease in the quantity demanded c. a decrease in the demand d. an increase in the demand
Which of the following is considered a nonrenewable resource?
A. Sunlight B. Rivers C. Natural gas D. Wind
Auto workers laid off from Hot-Rod Autoworks as the result of a recession are considered:
A. structurally unemployed. B. cyclically unemployed. C. frictionally unemployed. D. seasonally unemployed.
The rate of interest charged by the Federal Reserve to member banks for reserves borrowed from the Fed is the
A. federal funds rate.
B. discount rate.
C. repurchase rate.
D. Q-ceiling rate.