This topic contains a solution. Click here to go to the answer

Author Question: Marginal utility theory predicts that when income increases a A) person's total utility will not ... (Read 153 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
Marginal utility theory predicts that when income increases a
 
  A) person's total utility will not change.
  B) person might increase the consumption of some normal goods and decrease the consumption of other normal goods.
  C) person's consumption of normal goods will increase.
  D) None of the above answers is correct because marginal utility theory does not address how demand changes in response to changes in income.

Question 2

The Clayton Act of 1914 was passed to prohibit, in part
 
  A) price discrimination if the effect is to substantially lessen competition or create monopoly.
  B) unfair methods of competition and unfair or deceptive business practices.
  C) combinations, trusts, or conspiracies that restrict interstate or international trade.
  D) business practices that allow one firm to profit at the expense of another whenever the first firm is a monopoly.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juliaf

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

C

Answer to Question 2

A




berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

For a complete list of videos, visit our video library