Recently, Lisa's wealth increased by $500 . If her wealth were to increase by another $500 in the near future, then her utility would increase, but not by as much as it increased with the recent increase to her wealth. Based on this information, Lisa's utility function
a. and marginal utility function are both upward sloping.
b. and marginal utility function are both downward sloping.
c. is upward sloping and her marginal utility function is downward sloping.
d. is downward sloping and her marginal utility function is upward sloping.
c
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From 1970 to 1998 the U.S. dollar
a. gained value compared to the German mark because inflation was higher in the U.S. b. gained value compared to the German mark because inflation was lower in the U.S. c. lost value compared to the German mark because inflation was higher in the U.S. d. lost value compared to the German mark because inflation was lower in the U.S.
If you write a check on a bank to purchase a used Honda Civic, you are using money primarily as:
A. an economic investment. B. a medium of exchange. C. a unit of account. D. a store of value.