In the above figure, what is the marginal social cost to the economy of producing the four-hundredth pretzel?
A) $0
B) $2.00
C) $4.00
D) None of the above answers are correct.
C
You might also like to view...
If interest rates in the United States fall,
A) the value of the dollar will fall as foreign investors increase their holdings of U.S. investments. B) the value of the dollar will fall as foreign investors decrease their holdings of U.S. investments. C) the value of the dollar will rise as foreign investors decrease their holdings of U.S. investments. D) the value of the dollar will rise as foreign investors increase their holdings of U.S. investments.
Why is the economy at full employment in the long run?
A) Only wages have the ability to adjust. B) Only price can adjust. C) Prices don't adjust. D) Wages and the price level eventually adjust to full employment equilibrium levels. E) Government policies eventually converge on the full employment strategy.