Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1

Explain the following statement: "Good decisions typically require marginal analysis, which weighs added costs against added benefits."

Hyperinflation:

a. Destroys the standard of deferred value and store of value functions of money but not the others. b. Destroys the unit of account and medium of exchange functions of money but not the others. c. Destroys the unit of account and store of value functions of money but not the others. d. Tends to destroy none of the functions of money because a society always needs money. e. Tends to destroy all the functions of money.