All of the following are evidence of specialization except
a. a solo carpenter who builds a whole bedroom set
b. restaurants that range from subs to sushi
c. the credits at the end of a movie
d. professional mourners in Taiwan
e. online sellers
A
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Bananas and apples are substitutes. When the price of bananas rises, and a technological advance in apple production occurs at the same time
A) the equilibrium price of apples rises and the equilibrium quantity of apples falls. B) the equilibrium price of apples rises and the equilibrium quantity of apples might rise or fall. C) the equilibrium quantity of apples rises and the equilibrium price of apples might rise or fall. D) the equilibrium price of apples rises and the equilibrium quantity of apples rises.
Suppose you are working four nights per week at your courses and your grade point average is 3.5. You want a higher grade and decide to study an extra night each week. Your GPA now rises to 3.8
What is your marginal benefit from studying for one additional night a week?