There are thousands of electric companies in the country, while in a particular city there is only one. The best model to analyze this market is

Refer Exhibit 2-10. Person A has the comparative advantage in the production of _____________ and person B has the comparative advantage in the production of __________________.

Fill in the blank(s) with the appropriate word(s).

If you make decisions as assumed by economists, you are in college rather than working as a truck driver because you perceive the _____________ of a college degree as greater than the ________________ of a college degree

A. Marginal Benefit; Marginal Cost B. Marginal Cost; Marginal Benefit C. Total Cost; Total Benefit. D. Total Benefit; Total Cost.