Multiple Choice
The marginal (dollar) cost of an additional plate of food to a patron at an "All-You-Can-Eat" restaurant is:
A) equal to the price paid for the meal divided by the number of plates of food consumed.
B) equal for every plate of food consumed during the meal.
C) equal to zero.
D) equal to the price paid for the meal (since there is no such thing as a free lunch) .
Correct Answer:
Verified
Correct Answer:
Verified
Q202: An individual has a comparative advantage in
Q203: Economists would predict that if salaries increased
Q204: Which of the following is true"<br>A)To choose
Q205: Scarce goods are:<br>A)desirable and unlimited in amount.<br>B)undesirable
Q206: The opportunity cost of a decision is
Q207: Tom is a castaway who washes up
Q208: As student reasons that "If I didn't
Q209: Unemployment can be caused by downswings in
Q211: A permanent change to a much higher
Q212: Government price controls<br>A)strip market prices of their