A grocery store sells soup for $1.50 a can, or $2.50 for two cans. To a customer, the marginal cost of buying the second can of soup is

Consider two individuals, Celia and Sondra, who produce bracelets and pendants. Celia's and Sondra's hourly productivity are as follows:

Bracelets /hour Pendants /hour Celia 4 1 Sondra 10 2 Who has the absolute advantage or comparative advantage in the production of bracelets or pendants?

What is the relationship between the natural unemployment rate, the unemployment rate, potential GDP, and actual GDP?

What will be an ideal response?