Consumers should continue to rearrange their consumption of two goods until:

a. the prices of the two goods are equal for the last dollar spent on each good.
b. marginal utility is the same for each good for the last dollar spent on each good.
c. the marginal utility per dollar's worth of the two goods is the same for the last dollar spent on each good.
d. the same amount of each is purchased.

c

Economics

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The firm's demand for labor is derived directly from ________

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If the interest rate is 7.5 percent, the present value of $500 to be received three years from today is $477.50

Indicate whether the statement is true or false

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