We measure the marginal ________ of a good by what a ________ for another unit of the good

A) benefit; person must pay
B) cost; person is willing to pay
C) benefit; person is willing to pay
D) cost; person's preferences are

C

Economics

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Refer to the scenario above. Jacob should submit a bid of ________

A) $500 B) $400 C) $300 D) $225

Economics

In 2014, GDP per capita was ________ in the United States than in China, and since 1980, the growth rate of real GDP per capita has been ________ in the United States than in China

A) lower; lower B) higher; lower C) lower; higher D) higher; higher

Economics