If the price of a good falls, the marginal utility per dollar received from consuming a specific unit of that good
a. also falls
b. stays the same
c. rises
d. will rise or fall, depending on the consumer
e. remains unchanged, provided the consumer buys no more of the good
C
Economics
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If exchange rates are allowed to fluctuate freely and the US demand for Japanese yen increases which of the following will happen?
a. the US balance of trade deficit will worsen in the long run b. Americans will have to pay more for Japanese goods c. It will be more expensive for the Japanese to buy American real estate d. the dollar will appreciate e. more Americans will want to travel to Japan
Economics
In an oligopoly, minimum efficient scale is likely to occur at a level of output that is a large fraction of industry sales
Indicate whether the statement is true or false
Economics