The table above shows the marginal benefit from pizza and the marginal cost of pizza in cans of soda forgone
If ________ pizzas are produced, the quantity of soda that people are willing to give up to get an additional pizza is more than the quantity of soda that they must give up to get that additional pizza. A) any quantity other than 40
B) 40
C) more than 40
D) fewer than 40
D
You might also like to view...
Holding other things constant, decreases in the price level in the US will
a. Cause the dollar to appreciate b. Cause the dollar to depreciate c. Cause no change in dollar value d. None of the above
According to the text, economists David Gould, G.L. Woodbridge, and Roy Ruffin examined the data on the relationship between increases in imports and the rate of unemployment. They found that
A. free trade leads to increased unemployment. B. there is not a causal link between increases in imports and the rate of unemployment. C. increases in unemployment always precede increases in imports by a period of 6 months to one year. D. increases in imports always precede increases in unemployment by a period of 6 months to one year.
For a perfectly competitive firm, at the profit-maximizing output average revenue equals marginal cost
Indicate whether the statement is true or false
Which is not a fixed cost?
a. monthly rent of $1,00 . with a 12 month lease b. an insurance premium of $50 per year, paid last month c. Tax accountant's salary d. labor costs paid per hour