Examlex

Solved

Use the Following to Answer Questions

question 136

Multiple Choice

Use the following to answer questions: Use the following to answer questions:   -(Table: Natasha's Total Utility)  Look at the table Natasha's Total Utility. Natasha's marginal utility _____ as her income increases. The marginal utility of income between $30,000 and $32,500 is _____ utils per dollar, while it is _____ utils per dollar between $47,500 and $50,000. A)  increases; 0.48; 0.64 B)  increases; 0.12; 0.36 C)  diminishes; 0.50; 0.25 D)  diminishes; 0.32; 0.04
-(Table: Natasha's Total Utility) Look at the table Natasha's Total Utility. Natasha's marginal utility _____ as her income increases. The marginal utility of income between $30,000 and $32,500 is _____ utils per dollar, while it is _____ utils per dollar between $47,500 and $50,000.


Definitions:

Government Securities

Financial instruments issued by a government to finance its projects and operations, commonly involving debt securities like bonds.

Interest Rates

The segment of a loan assessed as interest for the borrower, traditionally displayed as a yearly percentage of the loan's outstanding amount.

Tight Money Policy

A monetary policy that makes borrowing money more expensive and less accessible in order to reduce inflation.

Interest Rates

The proportion of interest a borrower is charged for loaned funds.

Related Questions