Table 21.4Output (Units per Day)Total Cost (Dollars per Day)016130242358478The marginal cost of the fourth unit of output in Table 21.4 is

If personal taxes are cut temporarily, the resulting

a. increase in personal saving would be larger than if they were cut permanently. b. decrease in personal saving would be larger than if they were cut permanently. c. decrease in personal saving would be smaller than if they were cut permanently. d. increase in personal saving would be smaller than if they were cut permanently.

Why are the prices received by farmers less stable than the prices paid by farmers?

What will be an ideal response?