Refer to the information provided in Figure 6.9 below to answer the question(s) that follow.
Figure 6.9Refer to Figure 6.9. The marginal utility of the first video game rental is
A. 8.
B. 10.
C. 25.
D. 40.
Answer: B
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The above (incomplete) table provides information about the relationships between output and various cost measures. The total cost (TC) of producing 9 units of output is
A) $180. B) $190. C) $20. D) None of the above answers is correct.
What are the typical types of risk faced by a firm?
What will be an ideal response?
An income tax is a tax:
A. charged on the earnings of individuals and corporations. B. on income earned by buying investments and selling them at a higher price. C. on the wages paid to an employee. D. charged on the value of a good or service being purchased.
Most development economists agree that the most basic and important task of any government is to:
A. create a stable political system. B. provide national health care system. C. maintain a stable currency. D. ensure basic education for all citizens.