Which of the following statements is correct?
A. When marginal utility is decreasing, an increase in the quantity consumed will decrease total utility
B. When marginal utility is positive, an increase in the quantity consumed will decrease total utility
C. When marginal utility is positive, an increase in the quantity consumed will increase total utility
D. When marginal utility is zero, an increase in the quantity consumed will make total utility zero
C. When marginal utility is positive, an increase in the quantity consumed will increase total utility
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Past centuries witnessed two important stock price bubbles. The first one occurred between ________, and the second one occurred between ________
A) 1927-29; 2006-08 B) 1973-76; 2006-08 C) 1965-73; 1996-2000 D) 1927-29; 1996-2000
Ceteris paribus, if negotiations lead to lower wages for airline employees, what will be the result in the market for air travel?
a. an increase in equilibrium price and an increase in equilibrium quantity b. an increase in equilibrium price and a decrease in equilibrium quantity c. a decrease in equilibrium price and an increase in equilibrium quantity d. a decrease in equilibrium price and a decrease in equilibrium quantity