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Author Question: Which of the following is a step that economists take in order to examine a real-world issue? a. ... (Read 54 times)

cartlidgeashley

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on: Jun 30, 2018
Which of the following is a step that economists take in order to examine a real-world issue?
 a. Determine the results that will occur if the market being considered is a controlled market
 b. Look at the real-world results to see the similarities they hold with the results of a free market
  c. Suggest remedies and policies to alter the results of a free-market
 d. Suggest remedies or policies to alter the real-world result
  e. Assume that the market transactions, in a real-world, is completely controlled by the government

Question 2

The amount of added utility that an individual derives from consuming one more unit of a good or service is called:
 a. total utility.
 b. marginal utility.
 c. average utility.
 d. diminishing utility.


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xMRAZ

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


cartlidgeashley

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

vickyvicksss

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Reply 3 on: Yesterday
Excellent

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