Given the benefit function B(Y) = 200Y ? 3Y2, the marginal benefit is:
A. 200 ? 3Y.
B. 200 ? 6Y.
C. 200 ? 6Y2.
D. 600Y.
Answer: B
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Assume that college-educated labor and high school-educated labor are complements in production. That is, the two types of labor work together, so that an increase in the quantity of either type increases the productivity of the other type of labor
Is this consistent with the observed increase in the college wage premium?
One reason that explains why the short-run aggregate supply curve is upward sloping is:
A. the lag involved with public policy making. B. the changing profit levels experienced by firms. C. sticky wages. D. cartels keeping prices artificially high.
If at current exchange rates it was cheaper to buy a product in country A than country B, the purchasing power parity theory would increase the relative exchange value of country A's currency
a. True b. False Indicate whether the statement is true or false
Which of the following countries has the largest quota subscription at the IMF?
A. United States B. Russia C. Japan D. China