Consuming to the point where the marginal utility of each good is equal to the price of that good is consistent with utility maximization

Unexpected increases in inventories usually precede

A) increases in inflation B) increases in imports C) stagflation D) decreases in production E) decreases in unemployment

Utilitarianism is the idea that only

A) competition brings efficiency. B) efficiency brings equality. C) income equality is fair. D) efficiency is fair.