Multiple Choice
In addition to preferences,a consumer's choice is further constrained by
A) nothing.
B) a rising marginal utility curve.
C) income and commodity prices.
D) an equilibrium market where utility is minimized.
E) the fact that the optimal market basket is rarely the equilibrium market basket.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: The following question are based on the
Q34: As output increases,average total cost eventually rises
Q35: According to economist Richard Gill in the
Q36: Short-run costs that increase and decrease as
Q37: In the short run,when output is zero,_
Q39: The addition to total cost resulting from
Q40: Another name for opportunity cost is _
Q41: When a firm increases all its inputs
Q42: The following schedule shows the utility Mr.
Q43: In a market economy,firms decide what and