The marginal benefit curve is:
A. upsloping because of increasing marginal opportunity costs.
B. upsloping because successive units of a specific product yield less and less extra benefit.
C. downsloping because of increasing marginal opportunity costs.
D. downsloping because successive units of a specific product yield less and less extra
benefit.
Answer: D
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Refer to Figure 14.2. Hurricane Katrina was responsible for destroying a large portion of oil and natural gas refining capacity on the Gulf coast in 2005. Other things equal, this would best be represented by a movement from
A) point A to point B. B) point B to point A. C) point B to point C. D) point A to point C.
Refer to the information provided in Figure 7.7 below to answer the question(s) that follow. 
Figure 7.7Refer to Figure 7.7 above. If Roller Skates Unlimited moves from isoquant A to isoquant B, the number of roller skates produced
A. remains constant, but input prices have risen. B. remains constant, but Roller Skates Unlimited uses more capital and more labor. C. increases. D. decreases.