Refer to the figure above. What is the optimal number of machines rented if the market rental price is $5 per month?

A) 20 machines
B) 40 machines
C) 80 machines
D) 100 machines

C

Economics

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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

Economics

When did the Fed fail to engage in a pre-emptive strike to keep the economy at or near the natural rate of unemployment?

A) 1994 B) 1998 C) 2001 D) None of the above. The Fed acted in each of these years.

Economics