Total net benefits are maximized when marginal net benefits are

Refer to the graph below. At equilibrium, the minimum acceptable revenue that sellers would have been willing to receive is represented by the area:

The equilibrium point in the market is where S and D curve intersect.



A. b
B. b + c
C. a + b
D. c

Differences in earnings between racial groups is due in part from differences in:

A. ability to achieve. B. educational attainment. C. geographical location. D. None of these is true.