The marginal utility derived from viewing the next movie download is the
A) average utility per minute of viewing.
B) additional utility from viewing the movie.
C) average utility per hour of viewing.
D) additional utility from viewing the first minute of the movie.
Answer: B
Economics
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Refer to Figure 13-2. Ceteris paribus, an increase in workers and firms adjusting to having previously overestimated the price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Economics
The best measure of a country's standard of living is
A) total nominal GDP. B) GDP per unit of capital. C) GDP per capita. D) GDP per labor hour.
Economics