The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal cost borne by producers when 100 billion kilowatt hours are produced is
A) 5¢ per kilowatt.
B) 10¢ per kilowatt.
C) 15¢ per kilowatt.
D) 20¢ per kilowatt.
E) 0¢ per kilowatt.
A
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Indicate whether the statement is true or false
If the dollar depreciates relative to the Mexican peso,
A) U.S. exports to Mexico become more expensive. B) U.S. exports to Mexico become less expensive. C) Mexican imports to the United States become less expensive. D) The value of Mexican imports to the United States does not change, but the value of U.S. exports to Mexico increases.
Theory B predicts that everything that happens, happens for a reason - although we may not know what the reason is. This theory
A) can be refuted. B) probably cannot be refuted. C) is a good explanation for what happens. D) is the kind of theory that scientists like to build because it can explain so much.
The United States ranks higher than Israel and Egypt on the 2017 Index of Economic Freedom.
Indicate whether the statement is true or false.