John either buys a steak or chicken when dining out. John's marginal utility for steak and chicken is given in the above table
If the price of a steak is $5 and the price of a chicken is $5 and John has $25 to spend on the two goods, what combination of steak and chicken will John consume to maximize his utility? A) 1 steak and 4 chickens
B) 3 steaks and 2 chickens
C) 4 steaks and 3 chickens
D) 5 steaks and 6 chickens
B
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A) checkable deposits. B) money market funds. C) high-powered money. D) bankers' acceptances.
The labor force participation rate for women in the United States has _____
a. stayed the same over the last 30 years b. increased significantly since the 1950s c. decreased significantly since the 1950s d. fluctuated substantially both upward and downward since the 1950s e. increased only very slightly since the 1950s