Which statement is true?
A) For demand, marginal benefit increases as you buy more.
B) For supply, marginal benefit is measured in the opportunity cost of your time.
C) For demand, marginal benefit is measured in dollars.
D) For supply, marginal benefit is measured in dollars.
E) For supply, marginal cost decreases as you supply more.
Correct Answer:
Verified
Q3: People who cannot find work during a
Q4: The additional opportunity cost of increasing quantity
Q5: Marginal cost increases as you increase quantity
Q6: The real cost of any input is
Q7: For supply decisions, marginal
A) cost is measured
Q9: The marginal benefit of a supply choice
Q10: Marginal opportunity cost
A) increases as you supply
Q11: The opportunity cost of hiring your lazy
Q12: To hire an input, a business owner
Q13: Which statement is false?
A) For demand, marginal
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