If your guest is serious when he said that he just could not get enough of the lasagna you cooked and that the more he ate the more he wanted, you would conclude that the marginal utility of lasagna for him was
A. undefined.
B. positive.
C. zero.
D. negative.
Answer: B
You might also like to view...
"If the price of wine increases, the quantity purchased will increase." Is this a positive or a normative economic statement? Explain your answer
An economic model can be defined as
a. a testable claim which can be evaluated with proper data. b. a representation of a theory or a part of a theory. c. another word for theory. d. a method to distinguish correlation from causation. e. All of the above are correct.
The derived demand and, consequently, the demand curve for labor are determined by
a. labor's wage. b. labor's marginal revenue. c. the marginal cost of the input labor. d. labor's marginal revenue product.
Leadership characteristics that inspire employees is called
a. chain of command b. vision c. charisma d. motivation