For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your marginal cost of the 100th meal is:
A. $6.
B. $0.
C. $4.
D. $0.25.
Answer: B
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Other things equal, when the U.S. dollar depreciates, domestic exports rise at every level of domestic income
a. True b. False Indicate whether the statement is true or false
Which of the following statements is correct?
a. The human-capital theory of education could be called a productivity-enhancing theory. b. The human-capital theory of education could be called a productivity-revealing theory. c. The signaling theory of education could be called a productivity-enhancing theory. d. The signaling theory of education has been disproven by a number of prominent economists.
If the voluntary contributions experiment described at the end of the chapter is played multiple times, we would expect:
A. the voluntary contributions will be zero or close to zero. B. the voluntary contributions will exceed the amount required to provide the public good. C. the voluntary contributions will equal the amount required to provide the public good. D. the voluntary contributions will fall short of the amount required to provide the public good, but only by a small amount.
During a deflationary period
A) the nominal interest rate is less than the real interest rate. B) the real interest rate is less than the nominal interest rate. C) the nominal interest rate does not change. D) the price level rises.