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Author Question: Marginal utility is the A) usefulness of a product. B) utility that a person receives from the ... (Read 97 times)

haleyc112

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on: Jun 29, 2018
Marginal utility is the
 
  A) usefulness of a product.
  B) utility that a person receives from the consumption of goods and services.
  C) change in utility that results from a one-unit change in the quantity of a good consumed.
  D) change in utility that results from a one-unit change in the price of a good consumed.

Question 2

The data in the above figure indicate that the economy will be in a long-run macroeconomic equilibrium at a price level of
 
  A) 140.
  B) 130.
  C) 100.
  D) 120.


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Animal_Goddess

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


haleyc112

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kthug

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Reply 3 on: Yesterday
Excellent

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