Sally is allocating her budget between two goods, A and B. If Sally has used up the budget on a combination of A and B for which MUA/PA exceeds MUB/PB, she can increase total utility by buying
a. more A and less B
b. more B and less A
c. more A without changing her consumption of B
d. less B without changing her consumption of A
e. more B and more A
A
Economics
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In the short run, changes in output can only be brought about by a change in the quantity of variable inputs
Indicate whether the statement is true or false
Economics
Firms that face downward-sloping demand curves for their output in the product market are called
A) price takers. B) price dictators. C) monopolists. D) price makers.
Economics