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Author Question: The underground economy means that GDP will overstate the actual level of economic welfare. ... (Read 90 times)

theo

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on: Jun 29, 2018
The underground economy means that GDP will overstate the actual level of economic welfare.
 
  Indicate whether the statement is true or false

Question 2

Marginal utility
 
  A) characterizes things of little use.
  B) is the additional utility derived from the last unit of a good consumed.
  C) is an implication of the law of demand.
  D) is always negative when total utility is positive and positive when total utility is negative.


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reversalruiz

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

FALSE

Answer to Question 2

B


theo

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Reply 2 on: Jun 29, 2018
Excellent

Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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