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Water tends to have a low marginal utility because substitutes for it are widely available.
Q14: The difference in consumer surplus between a
Q15: In strongly decreasing-cost industries, there is little
Q26: In a market economy, the short-run reaction
Q27: The behavior of OPEC in the 1980's
Q40: A consumer spends all of her income
Q41: "Unlimited liability" in partnerships refers to the
Q45: To maximize profits or minimize losses (if
Q49: If you double all of the inputs
Q63: The Federal Reserve's surveys of bank loan
Q69: If we know a consumer's tastes, if