If, when you consume another piece of candy, your marginal utility is zero, then
A) you want more candy.
B) you have not yet reached the point of diminishing marginal utility.
C) you should consume less candy.
D) you have maximized your total utility from consuming candy.
D
Economics
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Because efficiency wage theory deals with the consequences of a change in a firm's ________ wage, if all wages were indexed to nominal aggregate demand the theory would be ________
A) absolute, even more appropriate B) absolute, rendered inappropriate C) relative, even more appropriate D) relative, rendered inappropriate
Economics
It is correct to say that individuals _____ preferences and groups _____ preferences
a. have; have b. do not have; have c. do not have; do not have d. have; do no have
Economics