Refer to the above diagram. The marginal utility of the third unit of X is:
A) 5.
B) 4.
C) 2.
D) 1.
Ans: B) 4.
Economics
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Chain-weighted measures of real GDP make use of prices from:
A. an unchanging base year. B. a continuously changing base year. C. a base year that is changed approximately every 5 years. D. a base year that is changed approximately every 10 years.
Economics
The "new economy" that emerged in the mid-1990s is based on
A) manufacturing. B) information technology. C) financial services. D) retail sales.
Economics