If a university cafeteria changes from selling each food item separately to offering all-you-can-eat meals for one low price, one would expect that the marginal utility of the last food item consumed in the cafeteria by the typical student would decrease since more food is now likely to be consumed by students who eat a meal in the cafeteria

The intersection of the supply and demand curves indicates:

A) the equilibrium solution in the market. B) a surplus that will cause the price to fall. C) a shortage that will cause the price to rise. D) the quantity demanded exceeds the quantity supplied.

Assume a one year U.S. bond pays 4.0% interest and a similar U.K. bond pays 5.2% interest. Which of the following changes will establish interest rate parity?

a. The British pound would be expected to appreciate by 1.2% against the U.S. dollar. b. The U.S. dollar would be expected to depreciate by 1.2% against the British pound. c. The British pound would be expected to depreciate by 1.2% against the U.S. dollar. d. The British pound would be expected to appreciate by 9.2% against the U.S. dollar. e. The U.S. dollar would be expected to appreciate by 9.2% against the British pound.