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Author Question: As consumption increases, total utility increases A) at an increasing rate. B) at a decreasing ... (Read 29 times)

nmorano1

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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


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bigsis44

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

B

Answer to Question 2

B


nmorano1

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Reply #2 on: Jun 29, 2018
Thank you :)


bigsis44

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Reply #3 on: Jun 29, 2018
Happy to help you


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