Generally speaking, markets do a(n) ____ job of reconciling the demands of fairness and efficiency.
A. excellent
B. above-average
C. average
D. poor
Answer: D
You might also like to view...
In the table above, the marginal product of the first unit of labor is ________ units of output
A) 4 B) 5 C) 16 D) 20
If the monopoly's demand curve intersects the AVC curve at minimum AVC, the firm will shut down
Indicate whether the statement is true or false
A change in wages creates a substitution and income effect on the quantity of labor supplied.
Answer the following statement true (T) or false (F)
The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase.CPU GHzTotal BenefitMarginal BenefitTotal CostMarginal Costs2.0$1,000 $900 2.5$1,400 $1003.0 $300$1,200 3.5$1,900 $1,500 4.0$2,000 $400 The total cost of a 2.5GHz computer is:
A. $200. B. $1,000. C. $900. D. $100.