Multiple Choice
Use the figure below to answer the following questions. 
Figure 2.2.1
-In Figure 2.2.1,when 4,000 bicycles are produced each month,
A) the marginal benefit from the 4,000th bicycle is greater than the marginal cost of the 4,000th bicycle.
B) more bicycles must be produced to reach the efficient level of output.
C) fewer bicycles must be produced to reach the efficient level of output.
D) the production of bicycles is efficient.
E) the marginal benefit from the 4,000th bicycle equals the marginal cost of the 4th scooter.
Correct Answer:
Verified
Correct Answer:
Verified
Q132: If additional units of any good can
Q133: From the data in Table 2.1.1,the production
Q134: Use the figure below to answer the
Q135: A medical clinic employs 10 workers.Each worker
Q136: A production possibilities frontier shifts outward FOR
Q138: Use the figure below to answer the
Q139: Use the information below to answer the
Q140: Which one of the following would likely
Q141: Which one of the following concepts is
Q142: Suppose a hurricane causes extensive devastation,destroying houses,roads,schools