Typically, an individual takes only one newspaper from the bin because

A) of the low marginal utility of additional newspapers.
B) total utility will rise with consumption of more than one newspaper.
C) marginal utility increases with the first consumption of newspapers.
D) there are limited amounts of newspapers in the bin.

Answer: A

Economics

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Caren is willing to sell cakes at $5 per piece. The market price of each piece of cake is $10 . The producer surplus received by Caren from the sale of each piece is $10

a. True b. False Indicate whether the statement is true or false

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A nation can finance a deficit on its current account with

A. a surplus on its capital account. B. a deficit on its capital account. C. official purchases of foreign currencies with its own currency. D. purchases of gold from foreign currencies with its own currency.

Economics