Beginning at the vertical axis intercept, as a consumer moves down the budget line, she will find that
a. the marginal utility per dollar spent on the vertical axis good decreases
b. the marginal utility per dollar spent on the vertical axis good increases
c. the marginal utility per dollar spent on the horizontal axis good increases
d. the marginal utilities per dollar spent on both goods increase
e. the marginal utilities per dollar spent on both goods remain constant along that particular budget line
B
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____________: Represents the loss in value of a building over time associated with the aging and decay of its physical condition.
Fill in the blank(s) with the appropriate word(s).
Which of the following is likely to happen if there is an increase in entrepreneurial activity in an economy?
A) The productivity of the economy will increase. B) The inflation rate in the economy will decrease. C) The exchange value of its currency in the foreign exchange market will increase. D) The income per capita of the economy will fall.