To maximize her utility, Pat should spend all of her money and buy goods in a way that
A) the marginal utility of the last unit of each good is the same.
B) the marginal utility per dollar from each good is the same.
C) her total expenditure on each good is the same.
D) her price elasticity of demand for each good is the same.
B
Economics
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The United States is divided into ___ Federal Reserve districts
A. 14 B. 12 C. 8
Economics
Refer to Figure 5-5. If, because of an externality, the economically efficient output is Q2 and not the current equilibrium output of Q1, what does D2 represent?
A) the demand curve reflecting the sum of social and external benefits B) the demand curve reflecting social benefits C) the demand curve reflecting private benefits D) the demand curve reflecting external benefits
Economics