Sonya's budget for magazines and chocolate bars is $50. Her marginal utility from these goods is shown in the table above. If the price of a magazine is $5 and the price of a chocolate bar is $2
50, which of the following combinations maximizes Sonya's utility? A) 1 magazine and 18 chocolate bars
B) 2 magazines and 20 chocolate bars
C) 3 magazines and 14 chocolate bars
D) 5 magazines and 10 chocolate bars
C
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In which market should you begin your analysis if the domestic stock market is attracting more foreign investors? Which curve shifts initially?
a. Foreign exchange market, with a shift in the demand for domestic currency b. Real loanable funds market, with a shift in the demand for real loanable funds c. Foreign exchange market, with a shift in the supply of domestic currency d. Real goods market, with a shift in aggregate supply e. Real loanable funds market, with a shift in the supply of real loanable funds
It is costly to purchase a new car every two or three years because
What will be an ideal response?