Phoenix is a schoolteacher. In which of the following situations is she experiencing diminishing marginal utility?
a. She loves her whiteboard, but when she receives a second one for her classroom, she finds she rarely uses it.
b. She buys extra crayons for her class using her own money because her students use up crayons so quickly.
c. She complains to the administration that she does not have enough supplies for her classroom; she has 32 students this year!
d. She realizes that it would be useless to purchase electronic tablets for the classroom unless she buys enough for the entire class.
a. She loves her whiteboard, but when she receives a second one for her classroom, she finds she rarely uses it.
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The concept of twin deficits refers to ________
A) the phenomenon of simultaneous trade and government budget deficits B) the phenomenon of simultaneous government and private budget deficits C) the phenomenon of simultaneous state and federal budget deficits D) all of the above E) none of the above
Assume Joe invests a total of $10,000 in a company - $5,000 of which is his own money and $5,000 which he borrowed at a 10% interest rate. If the company's stock value decreases by 5% in one year at which time Joe sells his shares of the stock, what is Joe's rate of return on his investment?
a. ?5% b. ?10% c. ?20% d. ?30%