For every gift that A gives to B from the first to the tenth gift, A receives a net benefit of $10. The additional cost to A of giving an additional gift is constant at $5. It follows that A's marginal benefit curve for giving gifts to B is ___________________ (assuming that we place "marginal benefits" on the vertical axis and "number of gifts" on the horizontal axis)
A) downward-sloping over units 1 -10.
B) upward-sloping over units 1-10.
C) horizontal over units 1-10.
D) vertical over units 1-10.
E) There is not enough information provided to answer the question.
C
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Which of the following will improve your salary bargaining position
a. Wait until the large project you were integral to is completed b. Wait until your employer has hired many others with similar skills as yours' c. Wait until your employer has invested greatly into a long-term project you lead d. Wait until your employer buys new machinery that you are incapable of operating
Stores need not accept your check but must accept currency because:
a. currency is backed by gold b. checks are not money but currency is. c. currency is legal tender, but checks are not. d. currency is easier to handle. e. currency is a medium of exchange, but checks are not.
Which of the following is an effect of paper recycling on pulpwood?
a. Recycling leads to an increase in acreage devoted to pulpwood. b. Recycling leads to a decrease in acreage devoted to pulpwood. c. Recycling increases the demand for pulpwood. d. Recycling increases the market price of pulpwood.
If the Fed buys securities on the open market, this will
a. decrease banks’ excess reserves. b. increase banks’ excess reserves. c. leave banks’ excess reserves unchanged. d. lower the reserve requirement.