All points above the budget line are
A) inferior to every point on the budget line.
B) preferred to every point on the budget line.
C) unaffordable.
D) Both answers B and C are correct.
C
Economics
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Marginal utility theory assumes that when Sally consume less of a good that she was previously consuming more than one unit of, her ________
A) total utility increases B) marginal utility increases C) income increases D) total utility is maximized
Economics
There is a famous economics saying that argues "if diminishing marginal productivity never set in then the world could be fed from a flower pot." Explain what this means economically
What will be an ideal response?
Economics