The marginal units of action choice X:
A. are the last ?X units and tend to generate the greatest amount of marginal benefits.
B. are the last ?X units and tend to generate the smallest amount of marginal costs.
C. are the initial ?X units, where ?X represents the change in the units of X.
D. are the last ?X units, where ?X is the smallest amount you can add or subtract.
D. are the last ?X units, where ?X is the smallest amount you can add or subtract.
You might also like to view...
In sequential games, the player who moves first:
A. sometimes has an advantage and sometimes has a disadvantage. B. has a first-mover advantage only when he or she is able to make a credible threat or promise to choose a dominated strategy. C. always has a first-mover advantage. D. has a first-mover advantage only when the second mover fails to choose the dominant strategy.
In the 20th century, tertiary employment accounted for roughly
(a) fifty percent of the total job increases. (b) ninety percent of the total job increases. (c) thirty percent of the total job increases. (d) seventy percent of the total job increases.
What is an automatic stabilizer?
A) It refers to a discretionary policy that is triggered when actual output is not equal to potential output to improve the economy's performance. B) It refers to a stabilization program that keeps inflation in check automatically. C) It refers to any government program that tends to reduce fluctuations in GDP automatically. D) It refers to a government program that is automatically triggered when the economy enters a recession.
The marginal cost of producing 40 units of a public good is $200. There are two individuals in the society. Person A is willing to pay $80 for 40 units of the public good. If 40 units of the public good are provided, how much must Person B be willing to pay?
A. $0 B. $80 C. $120 D. $150