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Author Question: Zane's Vanes is a service that restores old weather vanes. Zane has just spent 125 purchasing a ... (Read 127 times)

Shelles

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on: Jun 29, 2018
Zane's Vanes is a service that restores old weather vanes. Zane has just spent 125 purchasing a 1920s-era weather vane which he expects to restore and sell for 500 once the work is completed.
 
  After having spent 125, Zane realizes that he will need to spend an additional 200 on materials to complete the restoration. Alternatively, he can sell the weather vane without restoring it for 200. What is his marginal benefit if he sells the weather vane without restoring it?
  A) 75 B) 125 C) 200 D) 300

Question 2

Health problems prevent people from working harder, which can lower a country's total income. This indicates that in effect, health problems
 
  A) shift a country's production possibilities frontier inward.
  B) increase the incentive to work.
  C) decrease consumer surplus.
  D) are a primary cause of price decreases.


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zhanghao

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Shelles

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Reply #2 on: Jun 29, 2018
Correct answers!


zhanghao

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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