Which of the following statements are correct? The marginal benefits curve is the slope of the total benefits curve. dB(Q)/dQ = MB. The slope of the net benefit curve is horizontal where MB = MC. The difference in the slope of the total benefit curve and the total cost curve is maximized at the optimal level of Q.

Which of the following statements are correct? The marginal benefits curve is the slope of the total benefits curve. dB(Q)/dQ = MB. The slope of the net benefit curve is horizontal where MB = MC. The difference in the slope of the total benefit curve and the total cost curve is maximized at the optimal level of Q.

MACROECONOMICS FOR TODAY

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Chapter1: Introducing The Economic Way Of Thinking

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The Marginal Benefit is zero when the Total Benefit curve is at its maximum. True or False
Which is correct? the difference in the slope of the total beenfit curve and the total cost curve is maximized at optimal level of Q marginal benefits curve is slope of total benefits curve The slope of the net benefit curve is horizontal where MB=MC dB(Q)/d(Q)=MB
Use marginal cost/marginal benefit analysis to determine if the following statement is true or false: “The optimal amount of pollution abatement for some substances, say, dirty water from storm drains, is very low; the optimal amount of abatement for other substances, say, cyanide poison, is close to 100 percent
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A student stops studying before the point at which her marginal benefits of studying equal her marginal costs. Is the student forfeiting any net benefits? Is she maximizing her total benefits? Explain your answer.
Which of the following statements is FALSE? Choice 1 of 4:Cost-benefit analysis allows the scale of the activity to either increase or decrease. Choice 2 of 4:Both cost-benefit and cost-effectiveness analyses construe the policy problem as involving some production relationship between resources and objectives. Choice 3 of 4:If the Governor asks you to find the lowest-cost way for the state of Colorado to meet a minimum required air pollution abatement level, she is asking you for a cost-effectiveness analysis. Choice 4 of 4:If the Mayor tells you he will set aside a $20 million budget spending to reduce homelessness and asks you for an analysis of what option would be the most efficient, he is asking for a cost-benefit analysis.
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Implementation and enforcement of the seatbelt law has resulted in an increase in the number of accidents. which core principle is represented in the scenario (if any) choose: a. Cost-benefit analysis b. The situation does not represent a core principle c. Scarcity, choice and opportunity cost d. Diminishing returns e. Compare the cost versus benefit in making decision f. Incentive principle g. Scarce resources so choice has to be made h. People are responding to an incentive I. Adding more variable factor to a given fixed factor

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		The marginal benefits curve is the slope of the total benefits curve.
		dB(Q)/dQ = MB.
		The slope of the net benefit curve is horizontal where MB = MC.
		The difference in the slope of the total benefit curve and the total cost curve is maximized at the optimal level of Q.