Marginal utility is the
a. overall satisfaction obtained from consuming a good
b. additional satisfaction obtained from consuming one more unit of a good
c. average satisfaction obtained from consuming a good
d. the change in satisfaction obtained from consuming 1 percent more of a good
e. additional cost of one more unit of a good
B
Economics
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The balance of payments is an accounting statement known as a:
a. trial balance. b. depreciation account. c. balance sheet. d. trade account. e. reconciliation statement.
Economics
All else equal, a decrease in the demand for oranges will lead to a(n) ________ in equilibrium price and a(n) ________ in equilibrium quantity.
A. decrease; increase B. decrease; decrease C. increase; increase D. increase; decrease
Economics