The conditions for utility maximization are a. the law of diminishing marginal utility and the affordability rule. b. that the marginal utility per dollar on all goods is equal and the money spent on all goods adds up to the fixed budget. c. the equimarginal rule and the law of diminishing marginal utility. d. that the total utility per dollar on all goods is equal and the money spent on all goods adds up to the fixed budget.

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Your own record of all your transactions. a. check register b. account statement