The optimal amount of studying is determined by comparing:
A. total benefit and the total cost of studying.
B. marginal benefit and the total benefit of studying.
C. marginal benefit and the total cost of studying.
D. marginal benefit and the marginal cost of studying.
Answer: D
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The diagram above depicts the demand for, and market price of, buckets of raw oysters in Orlando
a. What is the consumer surplus of the person who buys the 100th bucket of oysters? b. What is the consumer surplus of the person who buys the 200th bucket of oysters? c. What is the consumer surplus of the person who buys the 300th bucket of oysters? d. What is the total consumer surplus from all the oysters consumed in the market?
If the production of a good creates an external cost, is the supply curve the same as the marginal social cost or the same as the marginal private cost curve or both?
What will be an ideal response?
Our business cycle experiences suggest that a macroeconomic policy designed to lower the average rate of inflation will require ________ in actual real GDP and an accompanying ________ in the unemployment rate
A) an increase, increase B) an increase, decrease C) a reduction, increase D) a reduction, decrease
The overall drop in stock prices that began in 1929 and continued through 1932 was due to:
A. dropping stock prices causing a rational sale of certain stocks. B. a panicked massive sale of stocks which caused the stock prices to plummet. C. the exuberant confidence in the rising value of the stock market in general. D. the decline in profitability of companies.