Jeannie's marginal utility from her 4th book in a month is 50. Her marginal utility from her 5th book
A) is greater than 50.
B) equals 50.
C) is less than 50.
D) might be more than, less than, or equal to 50 but more information is needed.
C
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The ATC rises whenever the
a. upward pull of the AVC is greater than the downward pull of the AFC. b. upward pull of the AFC is greater than the downward pull of the AVC. c. AVC is equal to the AFC. d. MC is above the AVC.
Foreign exchange reserves are
A. Used by the Federal Reserve in open market operations. B. Holdings of foreign exchange by official government agencies. C. Holdings of foreign exchange by individual citizens. D. Held illegally by many countries.
Compared to Italy, the U.S. has a ________ union membership percentage of its labor force.
Fill in the blank(s) with the appropriate word(s).
Commitment devices are necessary when:
A. following through on a threat or promise is not in a player's best interest. B. people cannot correctly identify their dominant strategy. C. players cannot trust that other players will avoid playing a dominated strategy. D. commitments cannot be purchased.