The extra benefit that results from carrying out one additional unit of an activity is the ________ of the activity.
A. average benefit
B. marginal benefit
C. economic benefit
D. total benefit
Answer: B
You might also like to view...
If the game continues for infinity, then the new Nash Equilibrium is a. for one firm to charge a HP forever
b. for your firm charge a LP when the other firm does. c. for each firm to charge HP so long as the rival does, otherwise charge a LP. d. for each firm to charge LP until the rival does, and then to charge a HP forever.
Since the definition of economic growth does not take into account the growth of the country's population, the income of the average person in a country with high real GDP growth could be declining through time
a. True b. False Indicate whether the statement is true or false
Suppose the economy of Catalania is experiencing a recession and policy makers decide to implement an expansionary monetary policy. It takes more than a year to implement the recommended policy measures. This is an example of a(n): a. liquidity trap
b. wage-price spiral. c. administrative lag. d. operational lag.
Suppose the economy was initially in a long-run equilibrium. Then the world economy expands so that foreign incomes rise. U.S. aggregate demand ________ and eventually the money wage rate ________.
What will be an ideal response?