The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. There is no external benefit
What is the marginal benefit to the citizen of Kaffenia who consumes the 100th dozen doughnuts each day? A) $10.00 per dozen
B) $8.00 per dozen
C) $6.00 per dozen
D) $4.00 per dozen
A
You might also like to view...
The Human Development Index does not contain a component on
a. income b. literacy c. food intake d. life expectancy e. it contains components of all
Which statement about the total variable cost curve is true?
a. It begins at the origin and increases before decreasing again. b. The total variable cost curve is the same at all levels of output. c. The total variable cost curve is increasing but at a decreasing rate. d. It begins at the origin and is always increasing. e. There is no such thing as a total variable cost curve.
One factor that explains the short-run trade-off between inflation and unemployment is labor contracts that fix wages for an extended period of time
a. True b. False Indicate whether the statement is true or false
A problem with currency boards is that the central bank loses:
A. influence over interest rates. B. a flexible exchange rate is always preferred to a pegged exchange rate. C. control over the government budget. D. the ability to supervise banks.