If the utility function (U) between bananas (B) and jam (J) can be represented as U = 3ln(B)+4ln(J) the marginal utility of jam equals
A) 4B.
B) 3B/J.
C) 4/J.
D) B/J.
C
Economics
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If the dollar depreciates against the yen, U.S. goods sold in ________ would become less expensive and Japanese goods sold in ________ would become more expensive
A) the United States; the United States B) Japan; Japan C) the United States; Japan D) Japan; the United States
Economics
The exit of firms from a monopolistically competitive market structure causes the demand curves facing the existing sellers to shift ________ and to become ________
A) leftward; flatter B) rightward; flatter C) leftward; steeper D) rightward; steeper
Economics