If a consumer is buying only two goods, A and B, then he or she will be in equilibrium only when MUa = MUb

Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $12; AVC = $10; MC = $15; MR = $16. The firm should

A) increase output. B) decrease output. C) increase price. D) change nothing.

When a society is more equal:

A. the more the economy grows, so the best economy is the most equal. B. economic growth will provide the most resources for its disadvantaged members. C. the more everyone gains when the economy improves, but that doesn't mean the most equal society is the best society. D. economic growth will create imbalance, and the government will need to work to equalize incomes.