External link to Question : 81.ThemarginalbenefitSusiegetsfrompurchasingathirdpairofglovesis a.thesameasthetotalbenefitshegetsfrompurchasingthreepairsofgloves. b.morethanthemarginalcostofpurchasingthethirdpairofglove : 1261332

Question : 81.ThemarginalbenefitSusiegetsfrompurchasingathirdpairofglovesis a.thesameasthetotalbenefitshegetsfrompurchasingthreepairsofgloves. b.morethanthemarginalcostofpurchasingthethirdpairofglove : 1261332

  81.ThemarginalbenefitSusiegetsfrompurchasingathirdpairofglovesis a.thesameasthetotalbenefitshegetsfrompurchasingthreepairsofgloves. b.morethanthemarginalcostofpurchasingthethirdpairofgloves. c.thetotalbenefitshegetsfrompurchasingthreepairsofglovesminusthetotalbenefitshegetsfrompurchasingtwopairsofgloves. d.thetotalbenefitshegetsfrompurchasingfourpairsofglovesminusthetotalbenefitshegetsfrompurchasingthreepairsofgloves. 82.Arationaldecisionmakertakesanactionifandonlyif a.theaveragebenefitoftheactionexceedstheaveragecost. b.theaveragecostoftheactionexceedstheaveragebenefit. c.themarginalbenefitoftheactionexceedsthemarginalcost. d.themarginalcostoftheactionexceedsthemarginalbenefit. 83.Ashleyeatstwobananasduringaparticularday.Themarginalbenefitsheenjoysfromeatingthesecondbanana a.canbethoughtofasthetotalbenefitAshleyenjoysbyeatingtwobananasminusthetotalbenefitshewouldhaveenjoyedbyeatingjustthefirstbanana. b.determinesAshley’smarginalcostofthefirstandsecondbananas. c.doesnotdependonhowmanybananasAshleyhasalreadyeaten. d.cannotbedeterminedunlessweknowhowmuchshepaidforthebananas. 84.After much consideration, you have chosen Cancun over Ft. Lauderdale as your Spring Break destination this year. However, Spring Break is still months away, and you may reverse this decision. Which of the following events would prompt you to reverse this decision? a.ThemarginalbenefitofgoingtoCancunincreases. b.ThemarginalcostofgoingtoCancundecreases. c.ThemarginalbenefitofgoingtoFt.Lauderdaledecreases. d.ThemarginalcostofgoingtoFt.Lauderdaledecreases. 85.After much consideration, […]

External link to Question : 11) In the long run, if 1,000 units produced at : 1226145

Question : 11) In the long run, if 1,000 units produced at : 1226145

    11) In the long run, if 1,000 units are produced at a cost of $8,000 and 1,200 units at a cost of $9,200, then over this range of output there are A) constant economies of scale. B) constant returns to scale. C) diseconomies of scale. D) economies of scale. E) constant diseconomies of scale. 12) Diseconomies of scale is A) a short run […]

External link to Question : 21) The above figure shows the domestic market for tomatoes. : 1241593

Question : 21) The above figure shows the domestic market for tomatoes. : 1241593

        21) The above figure shows the domestic market for tomatoes. Suppose this market is isolated from global competition and there is a support price set at $16. In this figure, what area equals the consumer surplus? A) area A + area B + area C B) area A + area F C) area C + area D + area E + […]

External link to Question : 1) Disagreements over positive statements A) cannot arise because positive statements : 1384126

Question : 1) Disagreements over positive statements A) cannot arise because positive statements : 1384126

  1) Disagreements over positive statements A) cannot arise because positive statements are facts. B) are best handled by an appeal to the facts. C) arise from the failure to distinguish between a positive and a normative statement. D) are basically devoid of any emotion. E) never occur. 2) A positive statement is one that states A) what is, was, or will be. B) what […]

External link to Question : 11.4   Chapter Figures The figure above shows the marginal benefit curve : 1226065

Question : 11.4   Chapter Figures The figure above shows the marginal benefit curve : 1226065

  11.4   Chapter Figures   The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance satellites that provide national defense services.   1) In the figure above, the efficient quantity of satellites to produce is A) 200, because this is where marginal benefit equals marginal cost. B) 200, because this is where the market is in equilibrium. C) anywhere […]

External link to Question : 11.Which isotope ratio especially important in studying Earth’s climate over : 1331216

Question : 11.Which isotope ratio especially important in studying Earth’s climate over : 1331216

  11.Which isotope ratio is especially important in studying Earth’s climate over the past 500,000 years? a.oxygen-18 to oxygen-16 b.carbon-14 to carbon-12 c.sulfur-34 to sulfur-32 d.nitrogen-15 to nitrogen-14 e.argon-40 to argon-39 12.Judge the following sentence according to the criteria given below: Land conversion from forests to cropland results in an increase in biological carbon storage capacity BECAUSE the annual planting and harvesting of crops involves […]

External link to Question : 41. In a traditional manufacturing environment, as the cost of goods : 1291662

Question : 41. In a traditional manufacturing environment, as the cost of goods : 1291662

  41. In a traditional manufacturing environment, as the cost of goods sold account increases, which account is most likely decreasing? A. Work in process inventoryB. Finished goods inventoryC. Raw materials inventoryD. Cash   42. Brenda’s Bakery has the following information available for October:   Beginning Ending Raw materials$  4,000 $  2,000 Work-in-process32,000 17,000 Finished goods5,000 3,000  Cost of goods manufactured  88,000  Cost of goods sold  90,000  Direct labor costs  35,000  Factory rent and depreciation  10,000 Selling expenses  3,000 How much raw […]

External link to Question : 17.4   Explaining Differences in Wages 1) Painters who paint water towers : 1387990

Question : 17.4   Explaining Differences in Wages 1) Painters who paint water towers : 1387990

    17.4   Explaining Differences in Wages   1) Painters who paint water towers earn higher wages relative to painters who paint houses because A) the demand for tower painters is greater than the demand for residential painters. B) painting water towers is more risky than painting houses. C) the tower painters’ union is probably more powerful than the house painters’ union. D) the supply […]

External link to Question : 11) Refer to Figure 3.15. A decrease in supply represented : 1381049

Question : 11) Refer to Figure 3.15. A decrease in supply represented : 1381049

  11) Refer to Figure 3.15. A decrease in supply is represented by the movement from A) S2 to S3. B) S2 to S1. C) Point B to Point A along supply curve S2. D) Point B to Point C along supply curve S2.   12) Refer to Figure 3.15. An increase in quantity supplied is represented by a movement from A) S2 to S1. […]

External link to Question : 21) If government purchases $400 million, taxes $700 million, and : 1266929

Question : 21) If government purchases $400 million, taxes $700 million, and : 1266929

  21) If government purchases are $400 million, taxes are $700 million, and transfers are $200 million, which of the following is true? A) Public saving is $500 million. B) The budget deficit is $100 million. C) The budget deficit is $500 million. D) Public saving is $100 million. 22) Which of the following will increase investment spending in the economy, holding everything else constant? […]

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