If the price of action figures was $10 each, his total utility would be ____ and your marginal utility would be ____.
Table-Demand and Utility Table for action figures
A. $30 and $10
B. $36 and $12
C. $36 and $10
D. $26 and $12
C. $36 and $10
Economics
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According to the permanent income hypothesis, a person's consumption increases only when
A) the person's average lifetime income increases. B) the person saves more. C) the person's current income increases. D) the person's income increases unexpectedly.
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Long-term debt financing to midsize companies at the smaller end of the midsize range is provided by
A) commercial banks. B) individual investors. C) mutual funds. D) mezzanine debt funds.
Economics