If the price of videotapes decreases, then the _____
a. marginal utility of videotapes will decrease
b. marginal utility of videotapes will increase
c. marginal utility per dollar of videotapes will decrease
d. marginal utility per dollar of videotapes will increase
e. total utility of videotapes will increase
d
You might also like to view...
If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would
A) decrease. B) remain the same. C) equal 20%. D) increase.
What is the standard deviation of the payoff from an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85?
A. $0 B. $2,581,875 C. $42.50 D. $1,606.82
The figure above shows the demand and cost conditions for a firm with two plants. What is the profit-maximizing price?
A. $20 B. $30 C. $40 D. $50 E. $60
Does a tax on sellers affect the supply curve?
A. Yes, it shifts up by the amount of the tax. B. Yes, it shifts to the right by the amount of the tax. C. Yes, it shifts to the left by the amount of the tax. D. No, there is change in the quantity supplied, but the supply curve does not move.