If a person had increasing marginal utility, then the decline in utility from losing $1,000 would be greater than the increase in utility from gaining $1,000
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Keynesian theory emphasizes
A) aggregate supply. B) rational expectations. C) short-run analysis. D) Say's Law.
Economics
Which of the following is an example of hidden actions?
a. a mechanic tells you that you need an entire new engine when you only need a oil change. b. a sales person tells you that you look good in a dress when you don't c. a sales person tells you which color they think goes best with your paint you have chosen d. a sales person tells you which car gets the best gas mileage
Economics