Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3 . They agree to split the lunch bill evenly. Mason chooses a taco. The marginal cost to Jacob of ordering a burrito instead of a taco is

a. $1.
b. $2.
c. $2.50.
d. $3.


A

Economics

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Assume a firm closes down in the short run and produces no output. Under these conditions:

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Economics

Economists define the unemployed as individuals who are:

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Economics