Refer to the table below. Marginal utility becomes negative with the consumption of the:
The table below shows the utility schedule for a consumer of candy bars.
A. Not shown in the table; marginal utility remains positive throughout
B. Fifth candy bar
C. Sixth candy bar
D. Seventh candy bar
D. Seventh candy bar
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The aggregate demand multiplier effect says that an initial increase in expenditure plans leads to an induced
A) increase in consumption expenditure. B) increase in production expenditure. C) increase in government expenditures on goods and services. D) decrease in the price level. E) increase in exports.
If Sam has $60.00 each week to spend on gasoline and coffee, and their respective prices are $1.50 per gallon and $3.00 per pound, which of the following equations represents his budget line?
A) $60.00 = $1.50/Qg + $3.00/Qc B) $60.00 = Qg /$1.50 + Qc /$3.00 C) $60.00 = $1.50(Qg) + $3.00(Qc) D) $60.00 = $1.50(Qg) - $3.00(Qc)