If your guest is serious when he said that he just could not get enough of the lasagna you cooked and that the more he ate the more he wanted, you would conclude that the marginal utility of lasagna for him was
A) positive.
B) negative.
C) zero.
D) undefined.
Answer: A
Economics
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Most corn produced in the United States is used for animal feed. The demand for corn is inelastic. These facts mean that
A) there are many substitutes for corn in feeding animals. B) there are few substitutes for corn in feeding animals. C) there are no substitutes for corn in feeding animals. D) animals are not buying the corn themselves, so we cannot learn anything from these facts.
Economics
In the Monetarist view, the aggregate demand curve will be unstable when __________ is __________
A) exogenous investment; stable B) the money supply; stable C) exogenous investment; varies D) money supply; varies
Economics