Use the following graph to answer the question below.
At a quantity of 130, marginal benefit equals ________ and marginal cost equals ________.
A. $1.60, $0.50
B. $1.60, $1.60
C. $1.00, $1.00
D. $0.50, $1.60
Answer: A
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What flows to households in a factor market?
a. payments for finished products b. goods and services c. payments of rent and wages d. technology and machinery
Which president signed into law the creation of the Environmental Protection Agency?
A. Richard Nixon B. Lyndon Johnson C. John F. Kennedy D. Jimmy Carter
Refer to the information provided in Figure 6.10 below to answer the question(s) that follow.
Figure 6.10Refer to Figure 6.10. The current price of a turkey sandwich is $8. If Kyle is currently buying seven turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.
A. is not; gained from the seventh sandwich is less B. is; from the seventh sandwich is greater C. is not; gained from the seventh sandwich is greater D. is; from the seventh sandwich is less
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
Suppose the game above is repeated every day, and both firms adopt the following strategy: cooperate on the first day, then if the other firm cheats, cheat the next day, and if the other firm abides, abide the next day. This type of strategy is likely to increase the probability that:
A. Bagel World cheats. B. both firms abide. C. Bagels 'R' Us cheats. D. both firms cheat.