In order to have a meaningful measure of marginal utility, we must define the time period during which consumption is occurring

The change in saving divided by the change in income is the:

a. propensity to save. b. saving function. c. average propensity to save. d. extra propensity to save. e. marginal propensity to save.

Unrestrained monopolies are criticized because they restrict output and reduce innovation

a. True b. False Indicate whether the statement is true or false