If bread costs $1 per pound and meat costs $4 per pound, a consumer whose marginal utility of meat equals 80 utils per pound is maximizing utility only if the marginal utility per pound of bread equals

What economic policy would increase the Gini coefficient?

a. Raise the minimum wage. b. Increase the income taxes of the rich. c. Increase unemployment benefits. d. Lower the minimum wage. e. Raise price floors for farmers.

A firm should increase its investment as long as:

a. marginal resource cost exceeds the interest rate. b. marginal resource cost exceeds marginal revenue product. c. marginal rate of return on investment exceeds the interest rate. d. the interest exceeds the marginal rate of return on investment.