The marginal utility derived from viewing the next movie download is the

A. average utility per minute of viewing.
B. additional utility from viewing the movie.
C. additional utility from viewing the first minute of the movie.
D. average utility per hour of viewing.


Answer: B

Economics

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Suppose the table below describes the demand for a good produced by monopolist.PriceQuantity$101$92$83$74$65$56$47The total revenue from selling 6 units is ________, and the marginal revenue of selling the 6th unit is ________.

A. $5; 5 B. $24; $5 C. $30; 0 D. $30; $1

Economics

Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward

Economics

In the RBC model, an adverse supply shock causes the decrease in natural real GDP to be minimized when the labor supply curve is

A) downward sloping and extremely flat. B) upward-sloping and extremely flat. C) upward-sloping and extremely steep. D) vertical.

Economics

A 10% decrease in real income usually leads to ________ in money demand.

A. a decrease of less than 10% B. no change C. an increase D. a decrease of 10%

Economics