Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months
A) your marginal cost of studying economics for an hour must have exceeded its marginal benefit.
B) the marginal cost of studying economics must have fallen.
C) your marginal benefit from studying economics an hour must have been greater than its marginal cost.
D) the opportunity cost of studying economics must have risen.
C
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Conglomerate mergers involve more than two firms
a. True b. False
Other things equal, the demand for a good tends to be more inelastic, the
a. fewer the available substitutes. b. longer the time period considered. c. more the good is considered a luxury good. d. more narrowly defined is the market for the good.
One thing that the Asian Tigers did to become extremely successful was to
a. build an expert workforce by paying well for highly skilled labor. b. create industries to serve domestic markets. c. integrate with wealthy international markets. d. put more emphasis on self-reliance.
A good time for an American to hold German stocks, ceteris paribus, is when the
A. The return in the German stock market has no relationship to the value of the dollar compared to the euro. B. U.S. dollar depreciates in value compared to the euro. C. Euro is stable compared to the U.S. dollar. D. U.S. dollar appreciates in value compared to the euro.