Question: 23. There is relationship between the total value and the marginal value. a. an inverse b. a positive 0. a linear d. a vertical 24.

 23. There is relationship between the total value and the marginal

value. a. an inverse b. a positive 0. a linear d. a

23. There is relationship between the total value and the marginal value. a. an inverse b. a positive 0. a linear d. a vertical 24. The Alchjan-Allen Theorem invokes a. nominal prices b. relative prices 0. real income d. nominal income 25. Real income measures a. the amount of the goods one could buy with their nominal income at a given nominal price b. how much income a person really makes (legally or illegally) c. nominal income on the margin d. the number of dollars a person has in their bank account plus the number of dollars they keep in cash 26. If a person is willing to let someone else to choose for them, the person is a. dependent b. indifferent c. marginal d. rebellious

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