Optimal decisions are made
A) if information about prices and marginal utilities is known.
B) in the marketplace.
C) at the margin.
D) when marginal utility is minimized.
C
Economics
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If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is
a. a complementary good b. a substitute good c. a normal good d. an inferior good e. none of the above
Economics
Jane produces only corn and cloth. Taking account of her preferences for corn and cloth
A) makes her production possibilities frontier straighter. B) makes her production possibilities frontier steeper. C) makes her production possibilities frontier flatter. D) does not affect her production possibilities frontier.
Economics