If Project X has a cost of $6 and provides a benefit of $10, and Project Y has a cost of $25 and provides a benefit of $27, which of the following statements is true?
A) An individual can optimize by choosing Project X.
B) An individual can optimize by choosing Project Y.
C) Switching from Project X to Project Y increases net benefit by $2.
D) Switching from Project Y to Project X decreases net benefit by $2.
A
Economics
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Which of the following changes will cause a downward movement along the demand curve for reserves?
A) A decrease in deposits held by banks B) A decrease in the federal funds rate C) An increase in deposits held by banks D) An increase in the federal funds rate
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The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. His total cost of producing 6 barrels of pickles is
A) $160. B) $180. C) $450. D) There is not enough information to answer the question.
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