The math and graphics used in economics help us better understand the logic of:
a. verbal reasoning.
b. rational choice.
c. hypothesis testing.
d. business forecasting.
Question 2
If the price of videotapes decreases, then the _____.
a. marginal utility of videotapes will decrease
b. marginal utility of videotapes will increase
c. marginal utility per dollar of videotapes will decrease
d. marginal utility per dollar of videotapes will increase
e. total utility of videotapes will increase
