If total utility increases at a decreasing rate as a consumer consumes more coffee, then marginal utility must

The figure above shows that the unregulated market equilibrium occurs at a tuition of ________ a year and ________ million students

A) $15,000; 7.5 B) $25,000; 15 C) $15,000; 15 D) $25,000; 7.5 E) $38,000; 7.5

If rapid increases in oil prices caused price levels to increase and real GDP to decrease in the short run, the economy would experience

A) an increase in the natural rate of unemployment. B) stagflation. C) long-run economic decline. D) hyperinflation.