Which of the following is a basic assumption of an economic ...

[meagbuch]

Which of the following is a basic assumption of an economic analysis?
 a. Private property rights exist and are secure.
 b. A controlled market structure is the key to economic growth.
  c. In a free market, resources are owned by the government.
 d. There are no private property rights under a free market economy.
  e. Social well-being is the prime objective of an entrepreneur.

Question 2

Marginal utility:
 a. generally increases as more of a good is acquired.
 b. generally remains constant as more of a good is acquired.
  c. generally decreases as more of a good is acquired.
 d. begins to fall when total utility reaches its highest point.

[Chocorrol77]

Answer to Question 1

a

Answer to Question 2

c

[meagbuch]

Thanks for the timely response, appreciate it

[aruss1303]

Great answer, keep it coming