In the figure above, when 4,000 pizzas are produced, the marginal benefit of a pizza ________ its marginal cost, which means ________ pizza is being produced
A) exceeds; too little
B) exceeds; too much
C) is below; too much
D) is below; too little
E) equals; the efficient quantity of
E
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The Great Depression ended in the United States when
a. the New Deal reforms were initiated by President Roosevelt. b. deficit spending ended in 1937. c. the United States returned to the gold standard in 1940. d. the United States began to mobilize for war in the early 1940s. e. the German economy suffered hyperinflation in the 1920s.
Relative to a world in which some people are motivated by nonmaterial incentives, if all people were motivated solely by financial incentives, then:
A. both business transactions and personal interactions would be different. B. transactions in the business world would be the same, but personal interactions would not. C. there would be no commitment problems. D. economic efficiency would be achieved more often.