Refer to the table below. The average benefit of 4 units of activity is:Units ofActivity TotalCostTotalBenefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. $10
B. $9
C. $4
D. $5
Answer: B
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Existing loopholes erode the progressivity of the U.S. tax system
a. True b. False Indicate whether the statement is true or false
The figure below shows a single consumer's demand for ice cream at the student union. During the summer, there are 300 students on campus. Each student's weekly demand for ice cream is shown above. When the price of ice cream is $2.00 per scoop, those 300 students purchase a total of ________ scoops per week from the student union.
A. 3,000 B. 1,200 C. 1,800 D. 1,500
All of the following would affect the position of the supply curve for cranberries, except the:
a. Cost of fertilizers for cranberry production b. Development of a new pest control for cranberries c. Price of agricultural land for cranberries d. Popularity of cranberry drinks
The quantity of shoes produced is measured along the horizontal axis of a PPF and the quantity of shirts is measured along the vertical axis. As you move down toward the right along the PPF, the marginal cost of
A) shoes decreases. B) shoes increases. C) shirts increases. D) shoes and shirts is equal at the midpoint between the vertical and horizontal axis.