Jessie's demand schedule for candy bars indicates
A. Why she likes candy bars.
B. How much she likes candy bars.
C. How many candy bars she will actually buy.
D. Her opportunity cost of buying candy bars.
Answer: D
Economics
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Refer to Figure 4.8. If half of your friends go to the beach and half go to the park, you will receive the highest payoff by
A) going to the park. B) going to the beach. C) You will receive the same payoff whether you choose the beach or the park. D) You cannot determine your highest payoff from the data in the figure.
Economics
In the political marketplace, firms do all of the following EXCEPT
A) vote. B) pay taxes. C) evaluate policy proposals of politicians. D) benefit from public goods and services.
Economics