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 51 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?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was The ozone hole in September, 2003. Even as scientists verified that the rate of ozone depletion was
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
Advection of an air mass with a different ELR (environmental lapse rate). Advection of an air mass with a different ELR (environmental lapse rate).
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library