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Author Question: Marginal cost is the cost A) that your activity imposes on someone else. B) that arises from an ... (Read 164 times)

rachel9

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Marginal cost is the cost
 
  A) that your activity imposes on someone else.
  B) that arises from an increase in an activity.
  C) of an activity that exceeds its benefit.
  D) that arises from the secondary effects of an activity.

Question 2

In the above figure, the economy initially is at point B. Then price level rises by 10. The wealth effect will help
 
  A) move the economy to point A.
  B) move the economy to point C.
  C) move the economy to point D.
  D) keep the economy to point B.



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Sierray

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Answer to Question 1

B

Answer to Question 2

B




Sierray

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