Refer to the above table. The marginal utility of the 2nd movie for Rosie is
A. 190 units of utility.
B. 80 units of utility.
C. 95 units of utility.
D. 90 units of utility.
Answer: D
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a. use a cost plus incentive fee contract b. use a cost plus fixed fee contract c. use a fixed fee plus contract d. also write a maintenance contract with the contractor
Government policies can change the costs and benefits that people face. Those policies have the potential to
a. alter people's behavior. b. alter people's decisions at the margin. c. produce results that policymakers did not intend. d. All of the above are correct.
Long-run full-employment equilibrium assumes:
A. a downward-sloping production function. B. a downward-sloping long-run supply curve (LRAS). C. the CPI index price level equals the equilibrium wage rate. D. aggregate demand (AD) equals short-run aggregate supply (SRAS) equalslong-run aggregate supply (LRAS).?
If the dollar appreciates with respect to the euro, this means that
A. a European vacation for an American will be more expensive. B. it takes fewer dollars to buy the same amount of euros. C. it takes more dollars to buy the same amount of euros. D. it takes the same number of dollars to buy the same number of euros.