Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $30, producer surplus is

In the Keynesian liquidity preference framework, a rise in the price level causes the demand for money to ________ and the demand curve to shift to the ________, everything else held constant

A) increase; left B) increase; right C) decrease; left D) decrease; right

If Anne receives more satisfaction as she consumes more shoes, then:

A. the marginal utility of shoes is positive. B. the marginal utility of shoes is negative. C. the marginal utility of shoes is constant. D. the marginal utility of shoes is zero.