Refer to the table above. What is the marginal benefit that Jenny derives from the second unit of chocolate?
A) $0
B) $8
C) $9
D) $18
B
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The use of bar codes, computerized price lists, and scanners in supermarkets is an example of
A) menu costs. B) implicit contracts. C) efficiency pricing. D) All of the above.
In the Cournot model, if the products are differentiated,
A) this reduces the pressure of one firm's decisions on the other. B) this increases the pressure of one firm's decisions on the other. C) there is no difference between this model and one with homogeneous goods. D) marginal costs are necessarily different.
If one person's consumption of a good means that no one else can consume it,
a. that good is called a pure public good b. production of that good creates a negative externality c. consumption of that good creates a positive externality d. the good is said to be excludable e. the good is said to be rival
U.S. exports represent two flows:
A. An outflow of goods or services, and an outflow of payments B. An inflow of goods or services, and an outflow of payments C. An outflow of goods or services, and an inflow of payments D. An inflow of goods or services, and an inflow of payments