Author Question: One of the assumptions of an economic analysis is that market functions are controlled by the ... (Read 58 times)

Yolanda · **on:** Jun 30, 2018

One of the assumptions of an economic analysis is that market functions are controlled by the government.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A consumer's utility is maximized when:
a. the dollar amount spent on each good is the same.
b. the marginal utility of each good purchased is the same.
c. the price of each good is the same.
d. None of the above are generally true.