The above figure shows that the maximum amount a person is willing to pay for the 400th pretzel
A) is greater than the marginal social cost of the 400th pretzel.
B) is less than the marginal social benefit of the 400th pretzel.
C) and the marginal social benefit of the 400th pretzel are both $2.
D) is greater than the marginal social benefit of the 200th pretzel.
C
Economics
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If the CPI was 101.7 in 2006 and 101.5 in 2007, it can be concluded that
a. 2001 was the base year b. all goods were more expensive in 2007 than in 2006 c. all goods were less expensive in 2007 than in 2006 d. all goods were less expensive in 2006 than in 2007 e. the price level fell from 2006 to 2007
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