If the marginal value of a third soda is $1.50 to Jackie, then
a. Jackie would be willing to pay no more than $4.50 for three sodas.
b. Jackie places a total value of less than $4.50 on three sodas.
c. Jackie would pay no more than $1.50 for an additional soda when she has already consumed 2 sodas.
d. Jackie would pay no more than $1.50 for any soda.
c. Jackie would pay no more than $1.50 for an additional soda when she has already consumed 2 sodas.
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According to experience, what is the most effective solution to highway congestion?
a) to discount transit passes b) to discourage urban sprawl by subsidizing urban apartment rents c) to build more roads d) to set a price for access to roads, which is paid by those who use them
An increase in US real interest rates relative to the rest of the world can be expected to
a. encourage investment spending by US firms in the US b. decrase the capital flow into the US c. cause a net outflow of foreign captial from the US d. increase the international value of the dollar e. improve the situation for exporters