Multiple Choice
An increase in the productivity of labor over time will
A) decrease the value of time.
B) increase the value of time.
C) decrease the demand for labor-saving devices.
D) decrease the demand for consumer goods and services.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: If total utility is increasing, then marginal
Q24: Indifference analysis assumes that utility is numerically
Q157: (Consider This) A topographical map shows successively
Q158: Answer the question on the basis of
Q161: If the total utility from consuming the
Q162: Most economists contend that<br>A) noncash gifts are
Q165: Marginal utility is the<br>A)sensitivity of consumer purchases
Q189: Many people do not steal or commit
Q252: The marginal rate of substitution measures the<br>A)magnitude
Q277: To the average consumer, the marginal utility