If the marginal benefits of increasing study time are less than the marginal costs, then
A. study time should be decreased.
B. no conclusion about the relative merits of more or less study time is possible.
C. there is too little study time.
D. study time should be increased.
E. study time should be decreased to zero.
Answer: A
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New Keynesians hypothesize that
A) fluctuations in output are largely caused by supply shocks. B) the relationship between inflation and unemployment is exploitable in the long run. C) the relationship between inflation and unemployment is exploitable in the short run. D) there is no relationship between inflation and unemployment.
Which of the following correctly ranks the amounts from largest to smallest?
A. Output per person, total output, average labor productivity B. Average labor productivity, output per person, total output C. Total output, average labor productivity, output per person D. Total output, output per person, average labor productivity
Competitive firms cannot individually affect market price because:
A.) There is an infinite demand for their goods. B.) The market demand curve is flat or horizontal. C.) Their individual production is insignificant relative to the production of the industry. D.) The government exercises control over the market power of competitive firms.
An example of a clean alternative fuel is
a. hydrogen d. biodiesel b. methanol e. all of the above c. E(85) ethanol