Author Question: A consumer is willing to purchase a product up to the point where A) he spends all of his income. ... (Read 38 times)

ETearle · **on:** Jun 29, 2018

A consumer is willing to purchase a product up to the point where

A) he spends all of his income.
B) the marginal benefit is equal to the price of the product.
C) he is indifferent between consuming and saving.
D) the quantity demanded is equal to the quantity supplied.

Question 2

List the major categories of tangible capital.

What will be an ideal response?

Ptupou85 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

(1.) Nonresidential structures.
(2.) Durable equipment.
(3.) Residential structures.
(4.) Inventories.