Judging from the production possibilities curve, how many units of housing can be gained by dropping production of food from 80 to 60 units?
A. 0
b. 4
c. 7
d. 9
b. 4
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The tragedy of the commons occurs because some goods are ________ in consumption
A) excludable B) non-excludable but rival C) non-rival and non-excludable D) non-rival
Consumer Reports magazine benefits consumers by
a. increasing the marginal benefit of information b. reducing the marginal benefit of information c. reducing the marginal cost of information d. increasing the marginal cost of information e. showing which products are in vogue
A(n) ________ in private expenditures as a result of a(n) ________ in government purchases is called crowding out
A) increase; decrease B) decrease; decrease C) decrease; increase D) increase; increase
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. If Sherry produces three pairs of earrings, her total variable costs are
A. $26.67. B. $140. C. $175. D. $225.