Net benefit is equal to total benefit minus marginal cost
a. True
b. False
Indicate whether the statement is true or false
False
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Governments are most effective at providing pure private goods
Indicate whether the statement is true or false
An increase in the supply of the product implies:
A. producers will now charge a higher price for a given quantity of output. B. the supply curve will shift to the left. C. the price of this product has increased. D. producers will now charge a lower price for a given quantity of output.
Which of the following will NOT cause a shift in the demand for portable power banks?
A) a change in taste B) a change in income C) a change in the price of portable power banks D) a change in the price of smartphones
Refer to the given diagram. The marginal propensity to save is:
A. CD/EF.
B. CB/CF.
C. CB/AF.
D. EF/CB.