Multiple Choice
Residents of Vancouver often complain when the temperature drops below zero while residents of Winnipeg frequently endure temperatures of - 40. How can economics explain this?
A) houses in Winnipeg are colder because the marginal cost of heating is lower
B) residents of Winnipeg are heartier than Vancouverites
C) the moist air in Vancouver increases heating costs
D) houses in Vancouver are colder because the marginal cost of heating is higher
Correct Answer:

Verified
Correct Answer:
Verified
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