Which of the following observations concerning the absolute definition of poverty is true?
a. It is based on average income.
b. It is an optimistic definition.
c. It is not arbitrary in nature.
d. It is a cultural definition.
b
Economics
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If total utility increases at a decreasing rate as a consumer consumes more coffee, then marginal utility must
A) decrease. B) remains constant. C) be negative. D) increase also.
Economics
Which of the following is not correct?
a. The slope of a line will be a small positive number for a fairly flat upward-sloping line. b. The slope of a line will be a large positive number for a steep upward-sloping line. c. The slope of a line will be a negative number for a downward-sloping line. d. The slope of a line will be infinite for a horizontal line.
Economics