If the price of milk shakes was $2.50 each, your total utility would be ______ and your marginal utility would be _______.
Demand and Utility Table for Milk Shakes
A. $13.00 and $4.00
B. $15.00 and $4.00
C. $13.00 and $2.50
D. $15.00 and $2.50
C. $13.00 and $2.50
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Increasing the growth rate of GDP per capita and sustaining this growth rate in an economy can
A) increase the level of poverty. B) lower life expectancy. C) increase infant mortality. D) increase standards of living.
Pookie's Pool Cleaning Service uses only one variable input, chlorine. Pookie?s ________ curve for chlorine in the short run is the input?s marginal revenue product curve.
A. total product B. supply C. demand D. marginal product
Suppose that average labor productivity in Country C is $5,000, and that Countries C and E have the same real GDP per capita. Based on the information in the table, what must be the average labor productivity in Country E?CountryPopulation (millions)Share of Population Employed (%)A10060B15055C7550D25045E9540
A. $1,500 B. $6,250 C. $4,500 D. $1,000
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A