In the figure above, the curve that shows the diminishing marginal utility is
A) total utility curve A because it gets steeper as consumption of tomatoes increases.
B) total utility curve A because it is higher than total utility curves B or C.
C) total utility curve C because it gets flatter as consumption of tomatoes increases.
D) total utility curve C because it is lower than total utility curves B and C.
C
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Assuming all else equal, if the price of fuel and energy increases, ________
A) a firm's labor demand curve shifts to the right B) a firm moves to a lower point along its labor demand curve C) a firm's labor demand curve shifts to the left D) a firm moves to a higher point along its labor demand curve
Imagine a budget line depicting a consumer's possible allocation of a given income between fruit and vegetables. If the consumer's income increases at the same time the price of vegetables rises, the budget line's intercept with the
a. fruit axis will be unaffected b. fruit axis will move toward the origin c. vegetable axis will be unaffected d. fruit axis will move toward the origin e. vegetable axis might remain unchanged, move toward the origin, or move away from the origin