Using the table, what is the marginal social cost when the market quantity supplied is 750 slices of pizza per month?
A) $3
B) $7
C) $9
D) $3.50
A
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Yes. As deficit spending goes up, it is likely government borrowing will, too. Then foreign residents who lend funds to the U.S. government have less to spend on our goods, so U.S. exports will fall.
Answer the following statement(s) true (T) or false (F)
When sellers in a perfectly competitive market attempt to maximize their own profits, they:
A) eventually end up minimizing the value of total production. B) earn positive economic profits even in the long run. C) move scarce resources to their highest possible use. D) eventually divert resources toward their lower valued uses.
During the mid- to late 1990s, the incentives for investment spending resulted in boosts in
A. aggregate demand. B. personal consumption expenditures. C. corporate tax revenue. D. capital gain tax revenue.
Capital goods are
A. produced in one year, whereas final goods are produced over a period of more than one year. B. final goods, because they are not used up during a given year. C. produced in the same year as the related final good, whereas intermediate goods are produced in different years. D. a type of intermediate good.