Marginal utility is:
a. the change in a consumer's utility resulting from the addition of a very small amount of some good.
b. the total utility a resulting from consuming some good, divided by the amount consumed.
c. the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the amount added.
d. the change in a consumer's utility resulting from the addition of a very small amount of some good, divided by the total amount being consumed.
Answers: 3
Business, 21.06.2019 15:50
2. you take $100 you had kept under your mattress and deposit it on your bank account. if this $100 stays in the banking system as reserves and if banks hold reserves equal to 10% of deposits, by how much does the total amount of deposits in the banking system increase? by how much does the money supply increase?
Answers: 3
Business, 22.06.2019 07:10
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
Answers: 1
Business, 22.06.2019 15:10
Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4
Answers: 2
Business, 22.06.2019 18:00
What would not cause duff beerβs production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
Marginal utility is:
a. the change in a consumer's utility resulting from the addition of a very sm...
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