When applying the marginal principle, you should pick the level at which the activity's marginal benefit equals its marginal cost.
Answer the following statement true (T) or false (F)
True
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The local government is holding an auction for a contract to build a new multi-deck parking lot downtown. If the government has a policy to release its own cost estimates of the work to the auction participants, the participants will have ________ confidence in their own cost estimates and will submit ________ bids.
A) less; lower B) more; lower C) less; more D) more; higher
The less foreigners demand U.S. products:
a. the more of their currencies they will supply in exchange for U.S. dollars. b. the more of their currencies they will demand in exchange for U.S. dollars. c. the less of their currencies they will supply in exchange for U.S. dollars. d. the less of their currencies they will demand in exchange for U.S. dollars.
Regression coefficients are indicators of the impact of independent variables on dependent variables.
A. True B. False C. Uncertain
In this graph for the marginal costs and benefits of pollution controls, investing more capital and labor to reduce pollution is efficient at ______.
a. Q1
b. Q2
c. Q*
d. both Q1 and Q2