If information about the total cost is not given for every possible 1 unit change in quantity, marginal cost can still be computed as
a. the price of labor divided by the quantity of labor.
b. the price of labor divided by the marginal product of labor.
c. fixed cost divided by the marginal product of labor.
d. variable cost divided by the marginal product of labor.
b. the price of labor divided by the marginal product of labor.
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Which of the following happens when a Pigouvian subsidy is provided?
A) The marginal social cost curve shifts upward. B) The marginal private cost curve shifts downward. C) The marginal social benefit curve shifts downward. D) The marginal private benefit curve shifts upward.
An investor wishing to minimize the risk of capital losses as a result of changing interest rates should avoid
A) U.S. savings bonds. B) U.S. Treasury notes. C) U.S. Treasury bills. D) U.S. Treasury bonds.