"I don't feel so good. I shouldn't have had that last doughnut." Which statement best describes this situation?
a. The marginal utility of the last doughnut was positive.
b. The marginal utility of doughnuts is still increasing.
c. The total utility from eating doughnuts is negative.
d. The marginal utility of the last doughnut was negative.
e. The marginal utility of the next doughnut will be positive.
D
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Suppose that the government is considering a policy to combat unemployment. If the government pays for increased spending by borrowing funds that otherwise would have been used for consumption and investment,
a. the positive effect of increased government spending is augmented by an increase in private spending. b. the negative effect of increased government spending is offset by an increase in private spending. c. the negative effect of increased government spending is augmented by a reduction in private spending. d. the positive effect of increased government spending is offset by a reduction in private spending.
If you lost 10 percent on $200 worth of stock in a 3x margin account, then you would lose:
A. $40. B. $30. C. $60. D. $20.