Refer to the figure below. If the original curves are MB1 and MC1, rational consumers will gather ________ units of information.
A. 4
B. 9
C. 6
D. 5
Answer: A
Economics
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A change in which variable will change the market demand for a product?
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If, at the firm's projected sales level, the marginal cost is $40, the average cost is $50 and the markup is 30 percent, then its selling price is
A) $40. B) $50. C) $52. D) $65.
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