This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ... (Read 55 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


nmorano1

  • Hero Member
  • *****
  • Posts: 598
Reply #2 on: Jun 29, 2018
Thank you :)


bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
The Rate Law The Rate Law
The rate of facilitated diffusion The rate of facilitated diffusion
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Glycolysis - and oxygen

For a complete list of videos, visit our video library