Marginal benefit and marginal cost must _______ to avoid a deadweight loss.
A. equal
B. never equal
C. decrease at an increasing rate
D. increase at an increasing rate
A. equal
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If Angelo's Pizza Restaurant has a constant marginal cost of $75 for each additional table in the restaurant and a constant marginal cost of $5 for operating each additional table, what is Angelo's long-run marginal cost per table?
A) $70 B) $5 C) $80 D) $75
Larger is always better
Indicate whether the statement is true or false
The supply of loanable funds comes from anyone who has saved money and wants to lend it out
a. True b. False Indicate whether the statement is true or false
Chris just completed his college degree from a prestigious university. He did not go to school to become more productive. Rather, he went to school and completed his degree to convey his innate productivity to employers. To which theory of education does he subscribe?