A direct relationship is expressed graphically as a:
A. positively sloped line or curve.
B. negatively sloped line or curve.
C. horizontal line.
D. vertical line.
Answer: A
Economics
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In a bilateral monopoly, wages and employment are determined by
A. The intersection of market supply and demand. B. The intersection of marginal cost and marginal revenue product. C. Negotiation. D. The intersection of marginal wage and market demand.
Economics
A utility-maximizing consumer buys so as to make ________ for all pairs of goods.
A. TUx/Px = TUy/Py B. MUx = MUy C. MUx/MUy = Px/Py D. Px(MUx) = Py(MUv)
Economics