The revenue received from the sale of ________ of a product is a marginal benefit to the firm
A) an additional unit
B) the total number of units
C) no units
D) only profitable units
Answer: A
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Explain why the production and milling of hot steel has a high volumetric interdependence?
As the price of cookies increases, firms that produce cookies will:
A. increase the supply of cookies. B. increase the quantity of cookies supplied. C. decrease the quantity of cookies supplied. D. decrease the supply of cookies.
In the ultimatum game, if neither the allocator nor the recipient cared about fairness, what would be the optimal distribution of $20.00?
a. $19.99 for the allocator and $0.01 for the recipient b. $10.00 for the allocator and $10.00 for the recipient c. $19.99 for the recipient and $0.01 for the allocator d. $20.00 for the allocator and nothing for the recipient
If the U.S. dollar depreciates relative to the Russian ruble, the ruble:
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