Suppose the figure below shows Luke's demand curve for check-ups along with the supply curve for check-ups.  What is the marginal cost of one extra check-up?

A. $100
B. $150
C. $200
D. $50


Answer: A

Economics

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Of the following, the largest source of revenue for the federal government is the

A) personal income tax. B) transfers from state and local governments. C) corporation income tax. D) lottery. E) revenue from the sale of public lands.

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A pure public good will never be provided by individuals acting on their own initiative

Indicate whether the statement is true or false

Economics

In a coordination game, a Nash equilibrium occurs when

a. each player ignores the strategy of the other player b. each player chooses no strategy, but maintains the status quo c. each player chooses the same strategy d. one player can improve the outcome by changing strategy e. None of the answers is correct.

Economics

Inflation targeting requires monetary policymakers to rely heavily on the Phillips curve.

Answer the following statement true (T) or false (F)

Economics