If the price of a good is 0, a consumer will
a. consume all units that have positive total utility
b. consume an infinite quantity
c. consume all units with positive marginal utility
d. consume the entire amount supplied
e. consume until total utility becomes 0
C
Economics
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Everything else held constant, an increase in net taxes will cause the IS curve to shift to the ________ and aggregate demand will ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
Economics
Which of the following is NOT true about the supply of labor to the firm in a competitive labor market?
A) It is horizontal. B) It is perfectly elastic. C) It is equal to the marginal expenditure curve. D) It is upward sloping.
Economics