Susan likes to drink sodas. The ( ) soda Susan drinks, the ( ) of the last soda.
A: more; higher the marginal benefit
B: less; higher the opportunity cost
C: less; lower the marginal benefit
D: more; lower the marginal benefit
A: more; higher the marginal benefit
B: less; higher the opportunity cost
C: less; lower the marginal benefit
D: more; lower the marginal benefit
举一反三
- In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits. A: higher; less; more B: higher; less; less C: lower; less; less D: lower; more; more
- Bridget drinks three sodas during a particular<br/>day. The marginal benefit she enjoys from drinking the third soda() A: can be thought of as the total benefit<br/>Bridget enjoys by drinking three sodas minus the total benefit<br/>she would have enjoyed by drinking just two sodas. B: determines Bridget’s willingness to<br/>pay for the third soda. C: is likely different from the marginal<br/>benefit provided to Bridget by the second soda. D: All of the above are correct.
- A<br/>rational decision maker takes an action only if the() A: marginal benefit is less than the marginal<br/>cost. B: marginal benefit is greater than the<br/>marginal cost. X C: average benefit is greater than the average<br/>cost. D: marginal benefit is greater than both the<br/>average cost and the marginal cost.
- A country produces only pencils and erasers. Pencil production is allocatively efficient if the marginal ________ of a pencil equals the marginal ________ of ________. A: cost; benefit; an eraser B: cost; cost; an eraser C: benefit; benefit; an eraser D: benefit; cost; a pencil
- The economic reason why you voluntarily pay tuition to get into the university/college that you are in right now is because: A: you believe the value of education is higher than the tuition costs. B: the marginal benefit of education is positive. C: the marginal benefit of money is zero. D: you believe the value of education is lower than the tuition costs.