When Lonnie produces 1 pair of cowboy boots his costs total $300. When he produces 2 pairs of cowboy boots his total costs are $500. This means that Lonnie's marginal cost of producing the second pair of cowboy boots is $200

The principle of diminishing marginal utility means that as you eat fewer slices of pizza, your total utility from pizza will ________ and your marginal utility from each additional slice of pizza will ________

A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease

Eurodollars are mainly traded in Europe

Indicate whether the statement is true or false