Which of the following term refers to the share of an activity’s marginal cost that is paid for by the persons who carry out the activity?

A. Beneficial cost
B. Incidental cost
C. Marginal private cost
D. Marginal social cost

Answer: C

Economics

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On the Fed's balance sheet, assets include

A) reserves of depository institutions and mortgage-backed securities. B) U.S. government securities and mortgage-backed securities. C) currency and reserves of depository institutions. D) currency and mortgage-backed securities.

Economics

Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. If 4,000 pounds of pecans are sold

A) marginal benefit is equal to marginal cost. B) consumer surplus equals zero. C) the deadweight loss is equal to $12,000. D) the marginal benefit of each of the 4,000 pounds of pecans equals $3.

Economics