Author Question: As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ... (Read 119 times)

nmorano1 · **on:** Jun 29, 2018

As consumption increases, total utility increases

A) at an increasing rate.
B) at a decreasing rate.
C) at a constant rate.
D) and marginal utility increases.

Question 2

The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. In short-run equilibrium, there is ________.

A) an inflationary gap of 100
B) a recessionary gap of 100
C) a recessionary gap of 200
D) an inflationary gap of 200

bigsis44 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

B

nmorano1 · **Reply #2 on:** Jun 29, 2018

Thank you

bigsis44 · **Reply #3 on:** Jun 29, 2018

Happy to help you

Author Question: As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ... (Read 119 times)

nmorano1

As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ...

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bigsis44

As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ...

nmorano1

As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ...

bigsis44

As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ...