If the marginal utility of a product exceeds its MC, we would want, on efficiency grounds, to
a. increase production.
b. decrease production.
c. leave production constant.
d. One cannot tell without knowing the price.
a
Economics
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From 1970 to 2012, the Gini coefficient in the United States has
A) steadily increased. B) remained relatively unchanged. C) dramatically decreased. D) more than doubled.
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The data show that money growth and inflation are
A) positively correlated. B) negatively correlated. C) not correlated. D) independent phenomena.
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