The above figure shows that the maximum amount a person is willing to pay for the 400th pretzel
A) is greater than the marginal social cost of the 400th pretzel.
B) is less than the marginal social benefit of the 400th pretzel.
C) and the marginal social benefit of the 400th pretzel are both $2.
D) is greater than the marginal social benefit of the 200th pretzel.
C
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Comment on the following statement and evaluate it. "Differentiating a product separates you from your competitors so the market will see you as delivering unique benefits. But you don't want to be too different."
What will be an ideal response?
Historically, high-income countries have been the primary contributors to the greenhouse gases that cause global warming. Who are the primary contributors today?
a. Low-income countries b. Developing countries c. Middle-income countries d. High-income countries
The strategy of faculty choosing to stay with an old edition of a book is
A. in the best interests of publishers. B. likely to reduce the costs to students. C. likely to be replicated by everyone. D. in the best interests of authors.
Because the benefits distributed under TANF and Medicaid are essentially controlled by the states, critics argue thatÂ
A. recipients can receive benefits for a longer time period than if the programs were controlled by the federal government. B. people receiving benefits have greater incentive to work more. C. poor people with equal needs receive unequal benefits. D. a negative income tax controlled by the federal government is less efficient.