If the marginal benefit of consuming another unit of a good is positive, then to reach the allocatively efficient level of output more of the good should be produced and consumed
A) no matter what.
B) as long as the consumer can afford to pay for it.
C) if the total benefit of the good is greater than its total cost.
D) if the marginal benefit of the good is greater than its marginal cost.
Question 2
The demand for a good is more price inelastic if
A) its price is higher.
B) the percentage of income spent on it is larger.
C) it is a luxury good.
D) it has no close substitutes.
The unit on top of this Subaru that looks like a radiator is the intercooler, which cools the air ...
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Positive and negative selection during T-cell development.
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Reach from behind to apply circular friction to the temples on both sides.
One unit of clathrate structure surrounding a hydrophobic molecule (yellow)