In the figure below, spending $1 million on advertising increases the demand from D0 to D1. What is the marginal benefit of the advertising?
A) $90 million
B) $1 million
C) $80 million
D) None of the above answers are correct.
C) $80 million
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In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of X is
A) 4 units of Y per unit of X. B) 2 units of Y per unit of X. C) 3/2 units of Y per unit of X. D) 1 unit of Y per unit of X.
Keynes called the money people hold in order to pay unforeseen or unexpected expenses the:
a. transactions demand for holding money. b. precautionary demand for holding money. c. speculative demand for holding money. d. store of value demand for holding money.
As the interest rate rises, it is possible that net capital outflow could move from a positive to a negative value
a. True b. False Indicate whether the statement is true or false
A competitive producer supplies an additional unit of a good as long as the price is greater than the average per unit cost.
Answer the following statement true (T) or false (F)