Study guide for 2nd Midterm exam - Study guide for ECON 150...

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Study guide for ECON 150 Midterm exam #2. Spring 2014. BYU-Idaho. The test is on Monday 07/14/2014 in class. J Dominique Gumirakiza, PhD ******************************************************************************* Part A: Multiple choice type questions. I will randomly pick any ten from the following questions. 1. Marginal utility can be: A. Positive, but not negative. B. Positive or negative, but not zero. C. Positive, negative, or zero. D. Decreasing, but not negative. 2. The total utility of a product is calculated by:
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  • Spring '13
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