Betty spends all her income on wine and brie. Currently she gets 30 utils from the last bottle of wine and 15 utils from the last package of brie. The price of wine is $6 per bottle and the price of brie is $4 per package.
a. Betty cannot increase her total utility by changing the combination of wine and brie she consumes.
b. Betty can increase her total utility by buying more wine and less
brie.
c. Betty can increase her total utility by buying more brie and less wine.
d. Betty could increase her total utility by buying less of both brie and wine.
b
Economics
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Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. Interlace's profit maximizing price is ________ per bottle
A) 70 cents B) 50 cents C) 40 cents D) 1 dollar
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The natural rate of interest is not
A) zero. B) the neutral rate of interest. C) Wicksellian rate of interest. D) associated with the natural rate of unemployment.
Economics