Net benefits in the table:Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. initially decrease, reach a minimum, and then increase.
B. initially remain relatively stable and then decrease.
C. remain relatively stable over different values for the control variable.
D. initially increase, reach a maximum, and then decrease.
Answer: D
You might also like to view...
The cross-price elasticity of demand for a good is the:
A) percentage change in the quantity demanded for a good due to a percentage change in the consumer's income. B) percentage change in the quantity demanded for a good due to a percentage change in the good's price. C) percentage change in the quantity demanded for a good due to a percentage change in tax rates. D) percentage change in the quantity demanded for a good due to a percentage change in the price of related goods.
A criticism of the unemployment rate is that:
a. underemployment is measured in the calculation. b. the data includes part-time workers as fully employed. c. discouraged workers are included in the calculation. d. all of these are problems.
If the underground economy is sizable,
From the labor point of view, what is the benefit of collective bargaining?
a. to ensure the company derives the greatest amount of profit from labor b. to put more effort into the research and development of new systems c. to make sure workers are not taken advantage of by large employers d. to slow the process of robotic production replacing human workers