How are total and marginal utility related?
What will be an ideal response?
Marginal utility is the change in total utility from consuming one more unit of a good.
Economics
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In a closed economy with fixed output, an increase in government spending without any change in taxes will lead to a(n):
A. increase in the real interest rate and a decrease in private saving. B. decrease in the real interest rate and an increase in private saving. C. decrease in the real interest rate and no change in private saving. D. increase in the real interest rate and no change in private saving.
Economics
A firm that sells at a price below average cost is losing money
a. True b. False Indicate whether the statement is true or false
Economics