A rational consumer will purchase a product whose price is?
Greater than his marginal utility
Less than his marginal utility
Equal to his marginal utility
Equal to his total utility
Correct answer is C
A consumer is rational if he decides for the option that maximizes his/her utility. When studying the bachelor for Economics, in microeconomics class, the teacher would always tell you that it is assumed that consumers are rational, meaning that they maximize their profits based on their utility payoffs.
The capital of the French Federation of West Africa states was located in?
Bamako, Mali
Dakar, Senegal
Conakry. Guinea
Niamey,Niger
Correct answer is B
No explanation has been provided for this answer.
Increase in the supply of a product can be caused by?
Change and taste and fashion of consumers
Increase in the income of consumers
A fall in the cost of production
Increase in the price of a product
Correct answer is C
An increase in supply is illustrated by a shift of the supply curve to the right. An increase in supply can be caused by: an increase in the number of producers. a decrease in the costs of production (such as higher prices for oil, labour, or other factors of production).
Which of the following is a reason for the failure of the assimilation policy in French West Africa?
The change in name of their culture
The refusal of the African to be culturally colonized
The paternal policy of the French
Bribery of the opinion leaders by the French
Correct answer is B
No explanation has been provided for this answer.
The police reform all the following functions except ________
Public execution of law breakers
prosecuting law breakers
protection of life and property
enforcement of law and order
Correct answer is A
No explanation has been provided for this answer.