Newspaper vending machines are often built so that customers can pay to lift a door and take a paper off a pile of daily newspapers. Newspaper distributors are NOT concerned about customers taking the whole stack of papers because
A. the price of a daily newspaper is relatively low.
B. the total utility of a daily newspaper is zero.
C. the marginal utility of a second daily newspaper is zero.
D. the marginal utility of any one daily newspaper is zero.
Answer: C
Economics
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The monopolist's marginal revenue curve is downward sloping because:
a. the monopolist must lower its price in order to sell more. b. it operates in the range where ATC is downward sloping. c. it operates in the range where MC is downward sloping. d. its total revenue declines as it sells more.
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Which of the following would not appear on the asset side of a commercial bank balance sheet?
a. Reserves. b. Checkable deposits. c. Loans. d. Securities.
Economics