If the net benefit of Project A is $20 and that of Project B is $15, switching from Project A to Project B:
A) reduces the net benefit by $5.
B) increases the net benefit by $5.
C) reduces the net benefit by $15.
D) increases the net benefit by $15.
A
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The effective coordination of social behavior through voluntary exchange depends significantly upon
A) clearly defined property rights. B) such civic virtues as courtesy and tolerance. C) well-established and generally accepted rules regarding behavior. D) all of the above.
Macroeconomics studies economywide issues like inflation and unemployment
a. True b. False Indicate whether the statement is true or false
Aniella believes that the demand for unskilled labor is relatively inelastic. Carmella believes that the demand for unskilled labor is relatively elastic. Which believes that a minimum-wage law will result in significant unemployment?
Refer to the graph shown, which depicts a perfectly competitive firm. When it is maximizing profit, the total profit earned by the firm represented is:
A. $275. B. $330. C. $220. D. $605.