Refer to the information provided in Figure 13.3 below to answer the question(s) that follow.
Figure 13.3Refer to Figure 13.3. The marginal revenue of the 10th pound of burritos is
A. $1.
B. $4.
C. $10.
D. $100.
Answer: A
Economics
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A. 16/3. B. 3/16. C. 3/8. D. 3/4.
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If technological advances lower the cost of computer chips, in the market for computers the equilibrium price will ________ and the equilibrium quantity will ________
A) fall; increase B) fall; decrease C) rise; increase D) rise; decrease
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The more human capital you have, the more likely you will:
A. be unemployable. B. earn more money. C. not benefit from specializing. D. All of these are true.
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Financial innovations such as ATMs and electronic banking have caused an increase in the demand for money
Indicate whether the statement is true or false
Economics