The table above shows Mary's utility from chips and soda. The table shows that Mary has diminishing marginal utility for
A) both chips and soda.
B) neither chips nor soda.
C) soda, but not chips.
D) chips, but not soda.
A
Economics
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The number of workers hired by a firm at a particular wage rate can be calculated if you know which of the following?
a. c and d. b. Product supply curve. c. Marginal product of labor. d. Marginal factor cost. e. Marginal revenue product of labor.
Economics
To pay interest to those U.S. residents who hold government bonds, the government must tax other U.S. residents, implying that the more we redistribute income among residents to cover interest payments, the higher the average tax rate will have to be
a. True b. False
Economics