Refer to the accompanying table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out?Units of ActivityTotal CostTotal Benefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. 6
B. 1
C. 4
D. 3
Answer: D
You might also like to view...
Recessions are typically
A) unintended and disruptive. B) easy to predict in advance. C) the result of non-monetary disturbances. D) events economists have a hard time explaining.
An American citizen works for a U.S.-owned architectural firm located in Mexico. This architect will contribute toward:
A. U.S. GDP since he's a U.S. citizen. B. U.S. GDP since he's working for a U.S. firm. C. Mexico's GDP since he's working in Mexico. D. both Mexico's and U.S. GDP.
If the marginal propensity to consume were two-thirds, the multiplier would be
a. 1 1/2. b. 1/3. c. 1 2/3. d. 3.
A paper plant produces water pollution during the production process. If the government forces the plant to internalize the negative externality, then the
a. supply curve for paper would shift to the right. b. supply curve for paper would shift to the left. c. demand curve for paper would shift to the right. d. demand curve for paper would shift to the left.