Refer to Figure 7-1. Marginal private benefit is represented by which curve?

A) D2
B) Supply
C) D1
D) All of the above represent marginal private benefit.

C

Economics

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Which elasticity measures producers' responsiveness to a change in price?

A. Price elasticity of demand B. Cross-price elasticity C. Price elasticity of supply D. Income elasticity of supply

Economics

Refer to the data provided in Table 10.3 below to answer the following question(s).   Table 10.3 Refer to Table 10.3. Diminishing returns to labor start with the ________ worker.

A. second B. third C. fourth D. fifth

Economics