The marginal utility of a second copy of today's New York Times is
a. infinite
b. practically zero
c. positive and greater than the marginal utility of the first copy
d. equal to the marginal utility of the first copy
e. 50 cents
B
Economics
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A market dominated by a single seller:
a. start-up costs b. merger c. patent d. monopoly e. deregulation
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The long-run rate of unemployment to which an economy always gravitates is the
A) normal rate of unemployment. B) natural rate of unemployment. C) neutral rate of unemployment. D) inflationary rate of unemployment.
Economics