If the marginal utility per dollar spent on Good X exceeds that of Good Y, the utility-maximizing consumer should:
a. buy less of Good X and more of Good Y.
b. buy less of Good Y and more of Good X.
c. buy more of both Good X and Good Y.
d. buy less of both Good X and Good Y.
Question 2
If a resource is purchased and sold in a perfectly competitive market:
a. there are a large number of resource suppliers and the resources are identical.
b. there is a single buyer of resource and the resources are identical.
c. there is a single buyer of resource and the resources are differentiated.
d. there are a large number of resource suppliers and the resources are differentiated.
e. there are a large number of resource suppliers and there is no entry or exit.
“Bad,” “neutral,” and “good” mutations.
Robert K. Merton (1910–2003), who spent most of his academic career at Columbia University, was a ...
Are good deeds selfish?
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
Good alignment for sitting posture.