In the table above, what price level belongs in space D?

Which political philosophy believes that the government should equalize the incomes of all members of society?

a. Utilitarianism. b. Liberalism. c. Libertarianism. d. None of the above is correct.

Exhibit 7-9 Cost schedule for firm X OutputQuantity Total FixedCost Total VariableCost 0 $100 $    0 1   100     50 2   100     84 3   100   108 4   100   127 5   100   150 As shown in Exhibit 7-9, the marginal cost of producing the third unit is:

A. $50. B. $16. C. $24. D. $23.