Typically, marginal utility is higher when a person consumes less of a good
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position, Cindy's preference for mayor is
A) Oliver Cousins. B) George Glass. C) Cindy is indifferent between the two candidates. D) Cindy definitely does not like either candidate.
A firm that practices resale price maintenance
a. has incentive to reduce competition between its retailers. Resale price maintenance can lead to more service. b. has incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service. c. has no incentive to reduce competition between its retailers. Resale price maintenance can lead to more service. d. has no incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service.