vRefer to the data. If the price of X decreases to $2, then the utility-maximizing combination of the two products is:
Answer the question on the basis of the following marginal utility data for products X and Y. Assume that the prices of X and Y are $4 and $2 respectively and that the consumer's income is $18.
A. 2 of X and 5 of Y.
B. 4 of X and 6 of Y.
C. 6 of X and 3 of Y.
D. 4 of X and 5 of Y.
D. 4 of X and 5 of Y.
Economics
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One of the arguments in favor of trade restrictions is the foreign export subsidies argument
Indicate whether the statement is true or false
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If the investment demand curve shifts to the left, then
A. The AD curve will shift to the left. B. The AD curve will not be affected. C. There will be upward movement along the AD curve. D. The AD curve will shift to the right.
Economics