Author Question: In consumer equilibrium, one dollar's worth of additional gasoline will yield the same marginal ... (Read 11 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
In consumer equilibrium, one dollar's worth of additional gasoline will yield the same marginal utility as one dollar's worth of additional cheese.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Antitrust laws in the United States rely more on economic theory and the rule of reason approach, whereas the European Union relies more on the per se approach.
 a. True
  b. False
  Indicate whether the statement is true or false



mfedorka

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

True

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

For a complete list of videos, visit our video library