The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit.
B) marginal external benefit.
C) marginal social benefit.
D) opportunity cost.
Question 2
In the above figure, the curve labeled MCL is the marginal cost of labor curve and is used in a
A) competitive situation in which individual firms cannot influence the wage rate they must pay.
B) competitive situation in which skill differentials create a difference between what a firm must pay labor versus the wage at which households are willing to supply labor.
C) monopsony situation in which the firm can influence wages by how much labor it hires, so that the wage rate received by workers is less than the marginal cost of labor.
D) monopsony situation in which the firm can influence wages by how much labor it hires, so that the wage rate received by workers is greater than the marginal cost of labor.
Formation of additional eyes in Drosophila caused by the abnormal expression of a master control gen
What makes tea so good
Trig Degrees/Radians unit circle
The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
A functional renal unit.
How to evaluate angles using cosecant, special triangles, and the unit circle (Part 3)