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.

Ans: A. Marginal Benefit; Marginal Cost

Economics

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A consumer is willing to purchase a product up to the point where

A) he spends all of his income. B) the marginal benefit is equal to the price of the product. C) he is indifferent between consuming and saving. D) the quantity demanded is equal to the quantity supplied.

Economics

The Japanese yen will appreciate against the dollar if

A) U.S. residents demand more Japanese goods. B) U.S. residents demand fewer Japanese goods. C) Japanese residents demand more U.S. goods. D) none of the above.

Economics