As Sally increases her consumption of a good, she experiences diminishing marginal utility if her total utility
A) increases at a constant rate.
B) increases at a decreasing rate.
C) increases at an increasing rate.
D) decreases.
B
Economics
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The above figure shows the payoff for two firms, A and B, that must each choose to sell either at a high or low price. Determine the dominant strategies for each firm (if any) and the Nash equilibria (if any)
What will be an ideal response?
Economics
Economic growth:
A. does not affect living standards at all. B. has a relatively large effect on living standards over long periods of time. C. has a relatively small effect on living standards over long periods of time. D. is the sole determinant of living standards over any time period.
Economics