Multiple Choice
Suppose Bob has a part-time business washing cars.He has washed nine cars on a given day;the marginal benefit of washing the tenth car is $20 and the marginal cost is $12.Bob should:
A) wash the tenth car.
B) not wash the tenth car.
C) increase his marginal benefit.
D) There is not enough information to decide.
Correct Answer:

Verified
Correct Answer:
Verified
Q123: The willingness to sacrifice some economic payoff
Q124: Accountants use only _ costs in their
Q125: If the accounting profit for a firm
Q126: If the marginal cost of any activity
Q127: As George ate pizza during one recent
Q129: A person with loss aversion:<br>A)has a hard
Q130: Mary goes ahead and buys a new
Q131: Costs that are included in the economic
Q132: Profit computed without implicit costs is _
Q133: Expenses associated with factors of production may