A firm that decides to make a price cut assumes that marginal profit is negative
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Bobby spends $100 per month on pizza and CDs. His utility from these goods is shown in the table above. The price of a pizza is $10 and the price of a CD is $20. Bobby currently buys 2 pizzas and 6 CDs
To maximize his utility in the next period, he should A) buy more pizza and fewer CDs. B) buy more CDs and fewer pizza. C) buy more of both goods. D) stay with the current combination of goods.
Economics
List two economic reasons why representative democracy makes sense
What will be an ideal response?
Economics