Which of the following economic explanations describes cabin fever?
a. The marginal utility of winter is greater than zero.
b. Each additional cold day brings more disutility.
c. The law of increasing marginal utility as applied to cabins.
d. Spending winter in a cabin is a normal good.
e. Each additional cold day brings more utility.
Question 2
Although some tastes do change over time, economists believe that tastes are relatively stable. If tastes were not mostly stable, then we
a. could not even draw a supply curve
b. could not reasonably make the other-things-constant assumption required for demand analysis
c. would not have any concerns about still drawing demand curves
d. could no longer eat food
e. would be basing economic models on real life instead of making impossible assumptions
