Use the figure below to answer the following question.The total benefit of the third unit of X is ________.

A. 4
B. 5
C. 15
D. 11

Answer: C

Economics

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State and local property taxes are regressive

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

Economics

According to the rule of rational choice, an individual will undertake an activity as long as: a. the expected marginal benefits are less than the expected marginal costs. b. the expected marginal benefits are greater than the expected marginal costs. c. total expected costs exceed total expected benefits

d. total expected benefits exceed total expected costs.

Economics