Once marginal costs rise above the average cost,
a. Average cost increases
b. Average cost decreases
c. Average costs will stay the same
d. None of the above
a
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The state Department of Agriculture raised the minimum price for a gallon of milk in the city on Tuesday to $4.37
"If you've got two or three kids and you're living on a fixed income and you're paying half your income on rent," Gioia said, "then you're really in a bind and you're making choices you should never have to make." If even after this price increase Gioia's marginal utility per dollar is higher for milk than for other goods, what should Gioia do? A) increase her consumption of milk B) decrease her consumption of milk C) not change her consumption of milk D) increase her consumption of milk only if her income increases
According to the table above what would the flows of trade be between both countries if the exchange rate were $1 = 2.5 pesos?
What will be an ideal response?