At the utility maximizing equilibrium for two goods, X and Y, which of the following must be TRUE?
A) The marginal utility per dollar spent on X will exceed the marginal utility per dollar spent on Y.
B) The total expenditure will be the same for each good.
C) The marginal utility per dollar from X equals the marginal utility per dollar from Y.
D) The marginal utility will be the same for each good.
C
Economics
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Figure 16-3
If budget deficits shift the money demand curve as is illustrated in Figure 16-3, which component of total expenditures will be affected the most?
a.
consumption spending
b.
government spending
c.
private investment spending
d.
net exports
Economics
Increases in the minimum wage are in every worker's best interest.
Answer the following statement true (T) or false (F)
Economics