As Reba consumes four slices of pizza, her total utility rises from 0 to 18, to 24, to 28, and to 30, respectively. What is her marginal utility of the fourth slice of pizza?
a. 28
b. 24
c. 2
d. 7
e. 8
C
Economics
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Higher nominal interest rates ________ the amount of money demanded and a higher price level ________ the amount of money demanded.
A. increase; decreases B. increase; increases C. decrease; decreases D. decrease; increases
Economics
A firm that accepts the price as determined by industry supply and demand is called a _______.
Fill in the blank(s) with the appropriate word(s).
Economics