The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. There is no external benefit
What is the marginal benefit to the citizen of Kaffenia who consumes the 100th dozen doughnuts each day? A) $10.00 per dozen
B) $8.00 per dozen
C) $6.00 per dozen
D) $4.00 per dozen
A
Economics
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With discretionary policy making, fiscal and monetary policies are usually
A) immune to any lag times that might counter their effectiveness. B) immune to any political overtones. C) set according to pre-established standards that do not take into account any changes in the economy. D) undertaken in response to or anticipation of some change in the overall economy.
Economics
When a firm earns economic profit
A) accounting profits are zero. B) market share has be capitalized. C) other firms enter the market. D) total revenue has been maximized.
Economics