Answer the following questions true (T) or false (F)
1. Marginal benefit is the benefit that your activity provides to someone else.
2. If it costs Vijay $150 to design 5 Web sites and $175 to design 6 Web sites, then $175 is the marginal cost of producing the 6th Web site.
3. Suppose the extra cost for a municipality to enact a "no texting while driving" law is $15,000 per year. Then, the municipality should enact the law if it receives a total benefit from all of its traffic laws of $15,000 per year.
1. FALSE
2. FALSE
3. FALSE
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