The discount rate is typically:
A. determined by the government, and does not correlate with other interest rates.
B. about the same as federal funds rate.
C. higher than federal funds rate.
D. lower than federal funds rate.
Answer: C
Economics
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Refer to Table 15-1. What is the marginal revenue from the sale of the 12th unit?
A) $75 B) $50 C) $20 D) -$5
Economics
If finding the last stamp to complete your collection makes you happier than finding the first, then:
a. marginal utility is zero. b. marginal utility is negative. c. total utility is decreasing. d. total utility is constant. e. marginal utility is not diminishing.
Economics