If a restaurant guest said, "Every bite, including the last bite, tasted as good as the first," then the marginal utility for her
A) is decreasing.
B) is increasing.
C) is constant.
D) is positive.
Answer: C
Economics
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Which of the following is true regarding demand?
i. Demand is the relationship between quantity demanded and the price of a good when all other influences on buying plans remain the same. ii. Demand refers to one quantity at one time. iii. "Demand" and "quantity demanded" are the same thing. A) i only B) both i and ii C) iii only D) ii only E) both ii and iii
Economics
Describe the relationship between aggregate planned expenditure, real GDP, and unplanned inventory changes
What will be an ideal response?
Economics