Use the figure below to answer the following question.
The marginal benefit of the third unit of X is
A. 4.
B. 5.
C. 2.
D. 15.
Answer: A
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Left unregulated, the equilibrium amount produced in the market described in the table above is
A) 550 units. B) 600 units. C) 650 units. D) 700 units.
During the last two or three decades, the educational and career choices of women have become
a. more like those of men, and the earnings of women have declined relative to those of men. b. more like those of men, and the earnings of women have increased relative to those of men. c. less like those of men, and the earnings of women have increased relative to those of men. d. less like those of men, and the earnings of women have declined relative to those of men.
Once decision makers fully adjust to an increase in the general price level,
a. the actual rate of unemployment will exceed the natural rate of unemployment. b. the actual rate of unemployment will be less than the natural rate of unemployment. c. the rate of output will exceed the economy's long-run capacity. d. output will return to the full-employment level.
Refer to the consumption schedule above. Disposable income equals consumption at point:
A. A
B. C
C. D
D. G