Multiple Choice
You are considering buying a new laptop.The economic way of thinking suggests that you will buy the laptop if
A) total benefits is greater than total costs
B) your income is above average
C) the marginal cost of is less than the marginal benefit for the laptop.
D) the marginal benefit is greater than the marginal cost of the laptop.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The additional or incremental cost associated with
Q2: The difference between the earnings that a
Q3: The law of increasing marginal costs states
Q5: Consider the data in Table 2.What
Q6: Explain how the concepts of scarcity and
Q7: Decisions made "at the margin" require<br>A)comparing the
Q8: You and a friend decide to go
Q9: Explain how microeconomics affects macroeconomics.
Q10: Which of the following would be a
Q11: _ is a synonym for satisfaction or