AO
Ajoke Omage
Answers (6)
AO
Answered
Assuming that diminishing marginal utility applies to both pomegranates and bananas,if Vanessa buys more pomegranates and fewer bananas,the _____ utility of pomegranates will _____,and the _____ utility of bananas will _____.
A) marginal;fall;marginal;rise
B) marginal;rise;marginal;fall
C) total;fall;marginal;rise
D) marginal;rise;total;rise
A) marginal;fall;marginal;rise
B) marginal;rise;marginal;fall
C) total;fall;marginal;rise
D) marginal;rise;total;rise
On Jul 09, 2024
A
AO
Answered
Distinguish between a par-value share and a non-par-value share.
On Jun 12, 2024
Par value is simply a value that is placed on the share when it is originally issued and will likely have little relationship to what it is trading for or being sold for at the current time. Non-par-value shares have no such initial valuation placed on them.
AO
Answered
An increase in demand shifts the demand curve to the left.
On Jun 09, 2024
False
AO
Answered
Refer to Figure 4.3. If the government will not allow retailers to charge more than $0.40 for a pencil, which of the following will happen?
A) Demand must eventually decrease so that the market will come into equilibrium at a price of $0.40.
B) Supply must eventually increase so that the market will come into equilibrium at a price of $0.40.
C) A nonprice rationing system such as queuing must be used to ration the available supply of pencils.
D) The market will be in equilibrium at a price of $0.40.
A) Demand must eventually decrease so that the market will come into equilibrium at a price of $0.40.
B) Supply must eventually increase so that the market will come into equilibrium at a price of $0.40.
C) A nonprice rationing system such as queuing must be used to ration the available supply of pencils.
D) The market will be in equilibrium at a price of $0.40.
On May 12, 2024
C