Kumiko is not at her consumer equilibrium because she sees too many movies and buys too few books. As she moves toward her consumer equilibrium, her total utility from movies will ________ and her total utility from books will ________
A) decrease; decrease
B) increase; decrease
C) decrease; increase
D) increase; increase
C
Economics
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Given that the firm wants to sell both the versions, how much surplus does buying the no-name brand give the professional chefs?
a. $30 b. $40 c. $50 d. $60
Economics
Economists face an obstacle that many other scientists do not face. What is that obstacle?
a. It is often difficult to formulate theories in economics. b. It is often impractical to perform experiments in economics. c. Economics cannot be addressed objectively; it must be addressed subjectively. d. The scientific method cannot be applied to the study of economics.
Economics