Refer to the data. The national income is:





Answer the question on the basis of the following data. All figures are in billions of dollars.



A.  $265.

B.  $223.

C.  $208.

D.  $346.

A.  $265.

Economics

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The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. What is the marginal social cost to the economy of Kaffenia of producing the 300th dozen doughnuts each day?

A) $10.00 per dozen B) $8.00 per dozen C) $6.00 per dozen D) $4.00 per dozen

Economics

If a resource is nonrenewable and we use 2 percent of its supply per year,

a. it will gradually be depleted b. its supply will be constant regardless of use because it has the nonrenewability property c. it will become renewable as its supply approaches zero d. it could never be depleted because 2 percent of a diminishing supply is an increasing amount e. it will decrease at a diminishing rate so that its supply will approach its initial quantity

Economics