Mary buys cell-phone services from a company that charges $30 per month. For that $30 she is allowed 600 minutes of free calls and then pays 10 cents per minute for any calls above 600 minutes. Mary has used 600 minutes this month so far. What is her marginal cost per minute of making additional calls?
A. 10 cents
B. 25 cents
C. $0
D. 5 cents
Answer: A
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What will be an ideal response?What will be an ideal response?
Rent control laws are imposed when city officials believe landlords have been exploiting tenants. Which of the following criteria are they using to guide their actions?
A. growth B. equity C. stability D. efficiency
Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.
Figure 23.2Refer to Figure 23.2. The line segment BD represents Jerry's
A. consumption when income equals Y1. B. consumption when income equals zero. C. saving when income is Y1. D. saving when income equals zero.