The marginal value of a commodity to a consumer
a. increases as more of the good is consumed.
b. is exactly equal to price for all units purchased by the consumer.
c. is measured by the height of the individual consumer's demand curve.
d. is equal to the area above the price and below the individual consumer's demand curve.
C
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To be effective in raising people's wages, a minimum wage must be set
A) above the equilibrium wage rate. B) below the equilibrium wage rate. C) equal to the equilibrium wage rate. D) below $7. E) either above or below the equilibrium wage depending on whether the supply curve of labor shifts rightward or leftward in response to the minimum wage.
A firm's trademark is protected from misuse if it is registered with the
A) U.S.D.A. B) U.S. Patent and Trademark Office. C) U.S. Supreme Court. D) F.C.C.