Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125. in this case, the marginal benefit of watching the 3rd game is:

Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. dividing the change in total cost by the change in output. C. dividing the total cost by the change in output. D.

Suppose a consumer's income doubles. At the same time, the prices for all goods and services also double. What will happen to the consumer's optimal consumption bundle? The consumer will consume twice as much.

President Bush promised to make the reduction of lobbyists in the senior administration a priority. He succeeded in reducing the numbers somewhat, but he was unable to stop the practice according to the Center for Responsive Politics. O True O False

f the government put a price floor of $ 11.75 $11.75 on both of the markets, which market would have a greater surplus or shortage? They would have the same size shortage. The market for cat food would have a bigger surplus.

A cognitive psychologist believes that people learn better when they spread out their studying over several days, so she creates a study with three groups of participants.

for a new bottling machine it is developing. Future research and development expenses could range from $4 to $9 million, with a most likely value around $7 million. The life of the product will be anywhere from 3 to 10 years.

Ken Deangelo Company's internal controls over cash disbursements provide for the treasurer to sign checks imprinted by a check-writing machine in indelible ink after comparing the check with the approved invoice.

Land used for raising crops or livestock is generally called a

On July 1, 2013, Farm Fresh Industries purchased a specialized delivery truck for $126,000. At the time, Farm Fresh estimated the truck to have a useful life of eight years and a residual value of $30,000.

Based on this which component of the sarcomere is actually being moved when the sarcomere contracts and relaxes