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Author Question: Betsy's utility depending from her consumption of coffee is shown in the table above. If the price ... (Read 100 times)

ap345

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on: Jun 29, 2018
Betsy's utility depending from her consumption of coffee is shown in the table above. If the price of a cup of coffee is 2, Betsy's marginal utility per dollar from the 2nd cup of coffee per day is
 
  A) 15.
  B) 40.
  C) 20.
  D) 32.5.

Question 2

The demand for money curve shifts rightward if
 
  A) the price level increases.
  B) real GDP increases.
  C) the nominal interest rate increases.
  D) the real interest rate decreases.


mcni194

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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