The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. The efficient level of output is
A) 2,000 tons.
B) 3,000 tons.
C) 4,000 tons.
D) 5,000 tons.
B
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Electric car enthusiasts want to buy more electric cars at a lower price. All of the following events would have this effect except
A) an increase in the number of manufacturers of electric cars. B) technological advancement in the production of electric car batteries. C) a decrease in the price of lithium, which is used in the electric car batteries. D) an increase in the price of gasoline.
By 1920, the average work week in manufacturing was about _______hours, although it was significantly lower for _________
a. 40; immigrants b. 50; skilled workers c. 60; unskilled workers d. 45; women
Though many assets can be used as a store of value, money is a particularly attractive method to store value because
a. it increases in value as prices rise. b. its purchasing power does not decline when prices rise. c. it is the most liquid of all assets. d. it is backed by gold.
When there is a change in one market, _______________ are effected
Fill in the blank(s) with the appropriate word(s).