The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. There is no external cost

What is the marginal cost to the economy of Kaffenia of producing the four hundredth pound of coffee each day? A) $.50 per pound
B) $1.00 per pound
C) $2.00 per pound
D) $4.00 per pound

D

Economics

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Scarcity affects

A) only rich people. B) only poor people. C) only middle income people. D) all people.

Economics

Which of the following firms operates in a natural monopoly?

a. Telephone company. b. Electric company. c. Water company. d. All of these.

Economics