Refer to Table 1-3. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?

________________ —a term describing a tool that economists use to determine the effect of an economic event on equilibrium price and quantity.

a. Equilibrium price b. The four-step process c. Demand schedule d. Supply schedule

A decrease in search costs will decrease cyclical unemployment.

Answer the following statement true (T) or false (F)