Refer to Figure 6-3. Using the midpoint formula, calculate the absolute value of the price elasticity of demand between e and f

The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal private cost is

A) zero. B) $14,000. C) $19,000. D) $16,000.

Other things equal, a country's long-run aggregate supply will shift to the right when the productivity of labor rises

a. True b. False Indicate whether the statement is true or false