Total utility is maximized when the ________ for all goods
A) marginal utility per dollar spent is equal
B) marginal utilities are zero
C) marginal utilities are maximized
D) marginal utilities are negative
A
Economics
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Refer to the budget line shown in the diagram above. The absolute value of the slope of the budget line is:
A) MUC/MUD. B) one-half. C) PD/PC. D) PC/PD.
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Which one of the following policies might the Fed initiate if it wanted to increase the money supply?
A. Sell government securities B. Increase the reserve requirement C. Increase the discount rate D. Decrease the reserve requirement
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