This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope.
According to this graph, the marginal benefit of litter removal is highest when the ________ bag of litter is removed.
A. 10th
B. 15th
C. 1st
D. 30th
Answer: C
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If the wage rate drops, an employer will be willing to hire more workers, ceteris paribus.
Answer the following statement true (T) or false (F)
The Board of Governors is made up of experts in:
A. international trade. B. banking. C. fiscal policy. D. All of these are true.
Suppose you decide to borrow money from an online peer-to-peer lending site. On the T-account for the funder of the loan for this transaction, the funds from the investor would be classified as ________, and the loan made to you would be classified as
________. A) an asset; an asset B) an asset; a liability C) a liability; an asset D) a liability, a liability
If you drive on a rural stretch of highway and come upon an intersection in which there is only one gas station, and you know it to be the only one for 100 miles, it is a
A. monopolist. B. monopolistic competitor. C. perfect competitor. D. oligopolist.