Economists study decisions made at the margin by consumers by studying?

law of supply

revenue

comparative advantage

utility

Foyert Corp. requires a minimum $6,800 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end.

A chef who is responsible for preparation of salads, cold appetizers, and pâtés is called a A. sous chef. B. glacier. C. pantry chef. D. confiseur.

Which of the following is a positive economic statement? A. Everyone should live at the same standard of living. B. If the price of gasoline rises, a smaller quantity of it will be bought. C. The government should close income tax loopholes. D. U. S.

Economic cost can best be defined as: A. any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B. any contractual obligation to labor or material suppliers. C.

What's the law that results from the requirement that all exchanges be voluntary

Discuss in your own words the major characteristics of command free enterprise economies.

Which of the following is a general, sustained upward movement of prices for goods and services in an economy? a. Inflation b. Expenditures c. Budgets d. Stimulus packages

Use the following example to answer the following questions: Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the bank.

Which act granted married women equal rights in insurance, banking, real estate, contracts, divorce, child custody, and property rights?

A study found that, among addicted smokers, a 10 percent increase in the price of cigarettes resulted in a 2 percent decrease in quantity demanded. For these consumers, cigarettes have a