An economist should never:
A) make value judgements about consumer purchases
B) all of the other three answers
C) assume that "crazy" behavior is irrational
D) use normative economics to analyze consumer purchases
Correct Answer:
Verified
Q8: The tangency of an indifference curve and
Q9: If you are eating pizza at a
Q10: The Law of Diminishing Marginal Utility explains:
A)
Q11: A rational individual would never:
A) drive a
Q12: When an economist says that an apple
Q14: If the price of gasoline increases significantly
Q15: An increase in the per capita income
Q16: To an economist, rational behavior means:
A) that
Q17: The Law of Diminishing Marginal Utility implies
Q18: If TU is increasing, then MU is:
A)
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