Ricky is in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods
A) as small as possible; all
B) equal; all
C) equal; normal
D) maximized; all
B
Economics
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Most cartels cease to be effective because:
A. consumers discover the cartel and buy from other firms instead. B. the dominant firm buys out the other firms. C. of the incentive to cheat on the cartel agreement. D. of strict enforcement of antitrust legislation.
Economics
A major advantage of the corporate form of business organization is the concept of limited liability.
Answer the following statement true (T) or false (F)
Economics