As Goldilocks consumes more gummy bears, her total utility ________ and her marginal utility from gummy bears ________
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
B
Economics
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An example of an upper-middle income country is
a. India. b. Brazil. c. Indonesia. d. Nigeria.
Economics
Your friend Dimitre tells you that he thinks that his favorite basketball team has a 70% chance of winning the next game. This is an example of a(n)
A) objective probability. B) subjective probability. C) risk-averse statement. D) Friedman-Savage preference.
Economics