Moe has a big exam tomorrow. He considered studying this evening, but decided to hang out with Curly instead. If neither activity involves any explicit costs, and Moe always chooses rationally, it must be true that: A.Moe gets more benefit from spending time with Curly than from … 阅读详情>> "Moe has a big exam tomorrow. He considered studying this evening, but decided to hang out with Curly instead. If neither activity involves any explicit costs, and Moe always chooses rationally, it must be true that:"

If one fails to account for implicit costs in decision making, then applying the cost-benefit rule will be flawed because: A.the costs will be understated. B.the benefits will be overstated. C.the benefits will be understated. D.the costs will be overstated. 正确答案：the costs will b … 阅读详情>> "If one fails to account for implicit costs in decision making, then applying the cost-benefit rule will be flawed because:"

Pat earns $25,000 per year (after taxes), and Pat’s spouse, Chris, earns $35,000 (after taxes). They have two pre-school-aged children. Childcare for their children costs $12,000 per year. Given that Chris doesn’t want to stay home with the kids, regardless of what Pat does, Pat … 阅读详情>> "Pat earns $25,000 per year (after taxes), and Pat’s spouse, Chris, earns $35,000 (after taxes). They have two pre-school-aged children. Childcare for their children costs $12,000 per year. Given that Chris doesn’t want to stay home with the kids, regardle"

The marginal benefit of an activity is the: A.total benefit of an activity divided by the level of the activity. B.same as the total benefit of an activity. C.total benefit associated with an extra unit of the activity. D.extra benefit associated with an extra unit of the activit … 阅读详情>> "The marginal benefit of an activity is the:"

Suppose the marginal cost of the 1st hour of talking on the phone is $50, the marginal cost of the 2nd hour is $75, and the marginal cost of the 3rd hour is $105. In this case, the total cost of talking on the phone for 3 hours is: A.$315 B.$150 C.$230 D.$105 正确答案：$230

Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125. In this case, the marginal benefit of watching the 3rd game is: A.125 B.41.67 C.375 D.5 正确答案：5

The extra benefit that results from carrying out one additional unit of an activity is the __ of the activity. A.average benefit B.marginal benefit C.economic benefit D.total benefit 正确答案：marginal benefit

The marginal cost of an activity is the: A.change in the total cost of the activity that results from carrying out an additional unit of the activity. B.change in the level of the activity divided by the change in the cost of the activity. C.the total cost of the activity divided … 阅读详情>> "The marginal cost of an activity is the:"

The extra cost that results from carrying out one additional unit of an activity is the __ of the activity. A.opportunity cost B.reservation cost C.marginal cost D.marginal benefit 正确答案：marginal cost

Dividing the total cost of n units of an activity by n reveals the: A.units per cost. B.average cost. C.average benefit. D.marginal cost. 正确答案：average cost.

For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat all of the meals, your average cost for a meal is: A.$6. B.$4. C.$5. D.$0.25. 正确答案：$4.

For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your average cost for a meal is: A.$5. B.$0.25. C.$6. D.$4. 正确答案：$6.