Author Question: The U.S. debt to GDP ratio in 2014 was A) less than 20 percent. B) 42.4 percent. C) 74.1 ... (Read 90 times)

APUS57 · **on:** Jun 30, 2018

The U.S. debt to GDP ratio in 2014 was

A) less than 20 percent. B) 42.4 percent.
C) 74.1 percent. D) greater than 85 percent.

Question 2

Joe runs a business and needs to decide how many hours to stay open. Figure 2.2 illustrates his marginal benefit of staying open for each additional hour. Suppose that we observe Joe staying open 5 hours per day.

If he is following the marginal principle, what must his marginal cost per hour be?
A) 16 B) 24 C) 32 D) 40