In the above figure, if 2 million computers are produced per year then the ________ should be produced to achieve the allocatively efficient use of resources.
A) marginal cost of a computer exceeds the marginal benefit of a computer, so more computers
B) marginal cost of a computer exceeds the marginal benefit of a computer, so fewer computers
C) marginal benefit of a computer exceeds the marginal cost of a computer, so more computers
D) marginal benefit of a computer exceeds the marginal cost of a computer, so fewer computers
Question 2
The above figure shows a linear (straight-line) demand curve. Starting at point A and then moving to point B and then point C, the price elasticity of demand
A) increases.
B) decreases.
C) increases and then decreases.
D) decreases and then increases.
Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
front muscle figure
Continuum of aggression. Based on an unpublished figure by Joanne DeSanto Iennaco.
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Earth 150 Million Years Ago