As consumption of beer increases, its marginal utility to a drinker will
Increase
Remain constant
Fluctuate
Decrease
Change proportionally
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a form of business organization
A sole proprietorship
Cartel
Partnership
Joint-stock
Cooperative society
Correct answer is B
No explanation has been provided for this answer.
Lowest cost of producing goods
The cost of production of the most efficient firm in the industry
Cost of production of the most inefficient firm in the industry
The cost of production of the last or extra unit of goods produced by a firm
The cost of production at which the minimum profit is obtained by a firm
Correct answer is D
No explanation has been provided for this answer.
Disposable income is the same thing as
Personal income minus personal savings
Personal income minus taxes
National income minus depriciation
Exports minus imports
Savings plus investments
Correct answer is B
No explanation has been provided for this answer.
A distinguishing characteristic of a consumer cooperative is the fact that
The customers are the owners
The customers are the workers
The customers are the managers
The customers are low-income people
The customers are high income people
Correct answer is A
No explanation has been provided for this answer.