Author Question: Your marginal utility from a hamburger A) is always greater than your total utility from ... (Read 21 times)

bobbie · **on:** Jun 29, 2018

Your marginal utility from a hamburger

A) is always greater than your total utility from hamburgers.
B) is always greater than your average utility from a hamburger.
C) is always greater than the price of a hamburger.
D) depends on how many hamburgers you've already eaten.

Question 2

In February, 2010 the U.S. M1 money multiplier crashed to 0.786. Each 1 increase in the monetary base resulted in the quantity of money increasing by only 0.79. Where did the remaining 0.21 disappear?

A) Banks held part of the 0.21 as excess reserves.
B) Banks loaned out the 0.21.
C) Consumers held part of the 0.21 as currency.
D) Both A and C are correct.