To decide which of the two goods is a better buy, a consumer should compare the products' _____
a. marginal utilities
b. total utilities
c. marginal utilities per dollar
d. total utilities per dollar
e. disutility
c
Economics
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Consider an investment with the following payoffs and probabilities: State of the Economy Probability Return Stability .50 1,000 Good Growth .50 2,000 Determine the expected return for this investment
a. 1,300 b. 1,500 c. 1,700 d. 2,000 e. 3,000
Economics
Suppose the world price of coffee is $2 per pound and Brazil's domestic price of coffee without trade is $3 per pound. If Brazil allows free trade, will Brazil be an importer or an exporter of coffee?
Economics