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.

c

Economics

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A matrix form is more likely to be found in organizations which:

a. produce one product and operate in a single market. b. produce many products and operate in a single market. c. produce one product and operate in multiple markets. d. produce many products and operate in multiple markets.

Economics

Unions, by nature, must ____ their membership in order to ____ wages

a. open; lower b. open; raise c. restrict; lower d. restrict; raise

Economics