The additional utility that George receives from consuming one more slice of pizza is called
A) diminishing utility. B) total utility.
C) average utility. D) marginal utility.
D
Economics
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An example of a price ceiling would be:
a. a ration coupon. b. a guarantee of a target price for farm products. c. parity pricing. d. rent control. e. the soil bank program.
Economics
The figure below shows the national market for mopeds in a small country. Dd and Sd are the domestic demand and supply curves of mopeds respectively.
If there is initially free trade, and then a $50 per unit subsidy is given to the domestic producers of mopeds, domestic production will increase by
A. 100,000 units. B. 1,200,000 units. C. 700,000 units. D. 600,000 units.
Economics