Alison is deciding how to spend the next hour. We ask her to rate the utility she would get from an hour of each activity. She would get utility of 4 from an hour of reading, utility of 2 from an hour of playing video games, and utility of 6 from jogging. Based on this information, economists could predict that Alison will:

A. read.
B. play video games.
C. go jogging.
D. do nothing, since none of the activities give her utility greater than 10.

C. go jogging.

Economics

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Suppose that a technological advancement substantially reduces the cost of laser eye surgery. This would cause the equilibrium

A) quantity of laser eye surgery to decrease. B) quantity of laser eye surgery to increase. C) price of technology to increase. D) quantity of technology to decrease.

Economics

If DI falls by $100 billion, and C falls by $90 billion, the slope of the consumption is

a. ?0.45. b. 0.45. c. ?0.90. d. 0.90. e. 0.50.

Economics