If a dinner guest was serious when she said that she could never get enough of your cooking, you would conclude that the marginal utility of your cooking for her was _____
a. negative
b. zero
c. increasing at an increasing rate
d. positive
e. more than total utility
d
Economics
You might also like to view...
The legislation passed in 1946 that requires governmental institutions to promote "maximum employment, production, and purchasing power" is called:
A) Full Employment and Balanced Growth Act. B) Federal Reserve Act. C) Employment Act. D) Unemployment Act.
Economics
The following is an investment schedule. Investment spending is in billions of dollars.
Refer to the data in the table above. When the government runs a budget deficit and issues more Treasury securities, crowding out would occur if:
A. The interest rate is at 0%
B. The interest rate rises
C. The interest rate falls
D. The interest rate stays high at 8%
Economics