Author Question: In the figure above, an increase in the supply of oil would result in a movement from A) point a ... (Read 34 times)

Ebrown · **on:** Jun 29, 2018

In the figure above, an increase in the supply of oil would result in a movement from

A) point a to point e.
B) point a to point b.
C) point a to point c.
D) point a to point d.

Question 2

Suppose it costs a farmer 1.00 to produce 1 unit of corn, 2.10 to produce 2 units of corn, and 3.30 to produce 3 units of corn. What's the marginal cost of producing 2 units of corn?

A) 0
B) 10 cents
C) 1.10
D) 2.00
E) 2.10