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svet-max [94.6K]
3 years ago
10

Suppose a consumer is purchasing Coke and pretzels in quantities such that she is achieving consumer equilibrium. Then the price

of coke increases. The consumer will likely __________ her consumption of Coke and the marginal utility of Coke will __________ while the total utility from Coke will __________.
Business
1 answer:
mariarad [96]3 years ago
4 0

Answer:

increase, decrease, increase

Explanation:

When know the net profit of all financial businesses is maximized, and the resource distribution must be effective and achievable, but there must be a consideration, market allocation must be competitive or well

so here when coke prices go up. The consumer will probably increase the consumption of coke and the marginal utility of the coke will decrease, while the overall utility of the coke will increase.

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Answer:

(B) $20 billion

Explanation:

Given a certain level of MPC, an increase in government spending (G) by a certain amount translates to an increase in aggregate demand (AD) through the relationship below.

ΔAD = \frac{ΔG}{1 - MPC}

where Δ means <em>change.</em>

<em />

Therefore, given ΔAD of $50 billion, and MPC of 0.6,

ΔAD = \frac{ΔG}{1 - MPC}

= 50 = \frac{ΔG}{1 - 0.6}

= 50 = \frac{ΔG}{0.4}

= ΔG = 50 * 0.4 = 20

Therefore, increase in government purchases = $20 billion.

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Following are the solution to this question:

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The <u>Wagner act</u>, which prohibited employers from using unfair labor practices, declared that the official policy of the u.s. government was to encourage collective bargaining.

<h3><u>What is the Wagner Act?</u></h3>

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Learn more about the Wagner act with the help of the given link:

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