Microeconomics CH1 HW
Economists use the word marginal to mean an extra or additional benefit or cost of a decision. An optimal decision occurs when D) marginal benefit equals marginal cost.
Economists use the word marginal to mean an extra or additional benefit or cost of a decision. An optimal decision occurs when A) marginal cost is zero B) marginal benefit is greater than marginal cost C) marginal benefit is maximized D) marginal benefit equals marginal cost.
When the federal government crafts environmental policies that make it less expensive for firms to follow green initiatives, A)the policies are consistent with economic incentives.
When the federal government crafts environmental policies that make it less expensive for firms to follow green initiatives, A) the policies are consistent with economic incentives. B) the policies are likely to be more successful than policies that cost firms more, but they do not recognize economic incentives. C) the policies are futile because where the environment is concerned, it has been repeatedly shown that firms do not respond to economic incentives D) pollution is likely to increase.
[Economics] is the study of the choices people make to attain their goals, given their scarce resources.
[ _________] is the study of the choices people make to attain their goals, given their scarce resources.
