Which of the following would cause an increase in the supply of cheese?
A) an increase the price of a product that producers sell instead of cheese
B) an increase in the price of cheese
C) a decrease in the price of wine (assuming that cheese and wine are complements)
D) an increase in the number of firms that produce cheese
D
Economics
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Suppose you go to a wedding reception that has free drinks. What is likely to be the marginal utility of the last drink you had?
a. infinite b. 0 c. 1 d. less than 0 e. greater than 1
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Goods are distributed efficiently if everyone gets an equal share of each good
a. True b. False Indicate whether the statement is true or false
Economics