If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee.
A. 20 cents
B. 33 cents
C. 36 cents
D. 56 cents
Answer: D
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a. price. b. total revenue. c. marginal revenue. d. elasticity.
In the table above, the marginal benefit of the 4 millionth television set is
A) negative 0.5 computers per television set. B) 0.25 computers per television set. C) 0.5 computers per television set. D) 1.0 computer per television set.
Each of these statements is true except
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Select the best answer: A recap of the effects of NAFTA for its first 9 years reveals some adjustment costs were offset by:
I. benefits for U.S. manufacturing productivity. II. benefits for U.S. consumers. III. benefits for higher-wage workers in Mexican maquiladora industries. a. I b. II c. III d. I, II, and III