Marginal utility is defined as:
a. the total satisfaction derived from consuming a given amount of a product.
b. total satisfaction per unit of product consumption.
c. the difference between the total satisfaction derived from one level of product consumption and any other level of product consumption.
d. the addition to total satisfaction resulting from an additional unit of consumption.
d
Economics
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If inflation is higher in the home market, what is expected to happen to the real value of the home currency as time passes?
What will be an ideal response?
Economics
The Keynesian perspective places more emphasis on
a. supply. b. demand. c. aggregate supply. d. aggregate demand.
Economics