Which of the following economic explanations describes "cabin fever"?
a. The marginal utility of winter is greater than zero.
b. Each additional cold day brings more disutility.
c. The law of increasing marginal utility as applied to cabins.
d. Spending winter in a cabin is a normal good.
e. Each additional cold day brings more utility.
B
You might also like to view...
Unemployment compensation payments:
A. rise during a recession and thus reduce the severity of the recession. B. rise during a recession and thus increase the severity of the recession. C. rise during inflationary episodes and thus reduce the severity of the inflation. D. fall during a recession and thus increase the severity of the recession.
The signaling effect leads to college graduates earning more because a college degree signals that a person has learned the required job skills.
Answer the following statement true (T) or false (F)