In the short run, marginal cost is minimized when

A) MPL is maximized.
B) MPL equals zero.
C) APL is maximized.
D) APL equals zero.

A

Economics

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Refer to Table 5.1. What is Andrea's opportunity cost of producing one bracelet?

A) 1/6 of a tiara B) 2/3 of a tiara C) 6 tiaras D) 7.5 tiaras

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Refer to Scenario 12.2. In this game, if both players end up playing their tough strategies, then

A) Eliza will donate a kidney and Jerome will not donate. B) both Eliza and Jerome will donate a kidney. C) Jerome will donate a kidney and Eliza will not donate. D) neither Eliza nor Jerome will donate a kidney.

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