Refer to the above graph. If the current market price is $60 and user costs are not considered, the extraction quantity is:
Use the following graph to answer question. It shows the extraction costs for TX Oil Company
in the first year in a situation where it will extract oil from a reserve over two years.
A. 10 units
B. 20 units
C. 30 units
D. 40 units
C. 30 units
Economics
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Refer to Table 1-1. What is Eva's marginal cost if she decides to stay open for two hours instead of one hour?
A) $12 B) $24 C) $36 D) $71
Economics
What is one reason drunk driving is held in such disrepute?
A) Drunk driving imposes high potential costs on non-drunk drivers. B) Drunk driving destroys cars and telephone poles, causing disruption in essential services. C) Only drunk drivers cause automobile fatalities. D) Drunk drivers impose high potential costs on other drunk drivers.
Economics