Suppose you are thinking about spending an additional hour studying for your next microeconomics exam. You should spend that extra hour studying as long as
A. the extra study time leads to a higher grade on the exam.
B. your only other alternative is spending an hour reading a novel.
C. the benefit of an additional hour of study is greater than what you have to give up in order to study one more hour.
D. you enjoy studying microeconomics.
C. the benefit of an additional hour of study is greater than what you have to give up in order to study one more hour.
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If the supply of bottled water decreases and at the same time the demand for bottled water increases, the equilibrium price ________ and the equilibrium quantity ________
A) might rise, fall, or stay the same; decreases B) might rise, fall, or stay the same; increases C) falls; increases D) rises; might increase, decrease, or stay the same
Sustainable development implies that succeeding generations preserve the value of
a. natural capital b. physical investment c. all natural resources d. human capital e. none of the above