The marginal utility of good X is 6 and the marginal utility of good Y is 18. The price of good X is $2. The price of good Y must be ________ if the consumer is optimizing her utility

In the late 1990s, aggregate demand was growing rapidly, but productivity grew even more rapidly. What happened to prices and output?

A. output went up a lot, prices went up some B. prices went up a lot, output went up some C. output went down, prices went up some D. both prices and output went down E. both prices and output remain unchanged

Refer to Scenario 15.5. What is the total amount Catherine will lose in earnings by being a smoker, if she works now and continues until age 65?

A) $1500 B) $67,500 C) $90,000 D) $97,500 E) $120,000