The value and cost of goods are easiest to determine when the goods are

Suppose both goods L and M have a price of $6 . To maximize your utility from spending a given amount of income on the two goods you should: a. consume more each as long as they provide more than 6 units of marginal utility each

b. consume them so that consumption of each good provides the same total utility. c. consume them so that consumption of the last unit each good provides the same marginal utility. d. all of the above.

If a country's annual growth rate is 2%, then its output will double in approximately ____ years

a. 2 b. 10 c. 25 d. 35