Author Question: Marginal utility theory is used in the derivation of the A) negative slope of demand curves. B) ... (Read 124 times)

viki · **on:** Jun 29, 2018

Marginal utility theory is used in the derivation of the

A) negative slope of demand curves.
B) negative slope of supply curves.
C) positive slope of demand curves.
D) positive slope of supply curves.

Question 2

The assertion that if resources are allocated efficiently, they also are allocated fairly is made by

A) all utilitarians.
B) John Rawls, who proposed making the poorest as well off as possible.
C) Robert Nozick, who believes that equality of opportunity is fair.
D) all economists who understand the big tradeoff.