If TU is increasing, then MU is:
A) increasing
B) positive
C) zero
D) negative
Correct Answer:
Verified
Q13: An economist should never:
A) make value judgements
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
Q19: A person who has eaten so much
Q20: The marginal rate of substitution is the
Q21: Convexity of the indifference curve is due
Q22: Convex indifference curves suggest that:
A) consumers prefer
Q23: The limit to consumption is caused by:
A)
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