Refer to Table 1-3. What is Santiago's marginal benefit if he decides to stay open for an extra two hours instead of one hour?

The figure above shows the costs and demand curves for the Bigshow Cable Company. If the regulator wants to set the price so that Bigshow earns the same normal profit as a perfectly competitive firm, what price should be set?

A) $8 B) $6 C) $4 D) $2

Economics studies the logic of choices made from among available possibilities

a. True b. False Indicate whether the statement is true or false