Which of the following best illustrates your marginal benefit from studying?
A. The knowledge you gain from studying 2 hours a night for a month
B. The best things forgone by studying 2 hours a night for a month
C. What you are willing to give up to study for one additional hour
D. What you must give up to be able to study for one additional hour
C
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Refer to Figure 10.1. If only one light is installed, the person who is responsible for the light being installed receives a payoff of
A) 2. B) 4. C) 6. D) 8.
A rightward shift in the demand curve for domestic assets can be caused by ________
A) a decrease in the domestic real interest rate B) a rightward shift in the supply curve for domestic assets C) a leftward shift in the supply curve for domestic assets D) an increase in the domestic real interest rate
What is a reason not to protest poor working conditions in factories in low-income countries?
a. It would increase the price of goods imported into the United States. b. The working conditions are not that bad. c. The alternative job opportunities are worse. d. The protests have no effect on working conditions.
A natural monopoly is characterized by the fact that its average costs increase rather than decrease when its output expands
a. True b. False Indicate whether the statement is true or false