As a general rule, marginal utility will be less:
a. as less of the good is consumed.
b. as more of the good is consumed.
c. when average utility is at a maximum.
d. only when the good is inferior.
e. when satisfaction is less than cost.
b
Economics
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The issue of Fed independence is most often raised by
A) disagreement over the role the Fed should play in managing monetary policy. B) the Fed's refusal to carry out the wishes of the President. C) the Fed's refusal to carry out the wishes of Congress. D) the public's negative reaction to Fed policy.
Economics
Which cannot be a characteristic of an monopolistic industry?
A. Differentiated products B. A large number of consumers C. Significant barriers to entry D. A perfectly elastic firm demand curve
Economics