Since 1960, the labor force participation rate in the United States has
A) increased for men and women.
B) decreased for men and women.
C) increased for men and decreased for women.
D) increased for women and decreased for men.
E) increased for women and not changed for men.
D
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The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal cost borne by producers when 100 billion kilowatt hours are produced is
A) 5¢ per kilowatt. B) 10¢ per kilowatt. C) 15¢ per kilowatt. D) 20¢ per kilowatt. E) 0¢ per kilowatt.
If marginal utility is positive but diminishing, then total utility must be ________ as consumption of the good increases
A) decreasing B) positive and rising at an increasing rate C) positive and rising at a decreasing rate D) positive and rising at any rate