In the figure above, if pizza production increases to 15,000 pizzas a day, then marginal benefit ________ marginal cost, and ________ occurs

Large and long-continued increases in the demand for electricity will tend to result in

A) a higher cost of generating electricity. B) a higher price for electricity but no increase in the cost of generating it. C) a reduction in the quantity of electricity demanded as a consequence of higher prices. D) an increase in the quantity of electricity demanded and hence a decrease in its price.

A farmer grows wheat and sells it to a bakery for $5 . The bakery uses the wheat to bake bread and sells it to a distributor for $20 . The distributor sells the bread to a supermarket for $30, which then sells the bread to customers for $50 . Which of the following is true? a. The value added by the distributor is $30

b. The value added by the supermarket is more than that added by the bakery. c. GDP rises by $50 plus the value added at each stage of production. d. Counting the value added at each stage instead of counting the final selling price creates a problem of double counting. e. The value added by the farmer is $20 because the wheat, which is worth $5, is necessary for each of the three remaining stages of production.