Refer to the scenario above. Which of the following is true if Sarah is optimizing in levels?
A) An optimizer will rent the hotel for three days if the total benefit of staying for three days exceeds the total benefits of staying for two days.
B) An optimizer will rent the hotel room for three days if the cost of staying for two days exceeds the cost of staying for three days.
C) An optimizer will rent the hotel room for three days if the net benefit of staying for three days exceeds the net benefit of staying for two days.
D) An optimizer will rent the hotel room for three days if the net benefit of staying for the third day is negative.
C
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The recognition that _____ plays a profound role in many developing nations has led to more attention to this factor when choosing an exchange rate regime.
A) poverty B) illiteracy C) currency mismatch due to liability dollarization D) government corruption
How do the marginal and average products of labor affect a firm's marginal and average variable costs in the short run?
What will be an ideal response?