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Reference: Ref 9-8
(Table: Marginal and Total Benefit) Look at the table Marginal and Total Benefit. Sed
is deciding how many football games he wants to attend this year. Rodger's
marginal benefit from increasing the number of games that he attends from two to
three is:
127. Multiple Choice: Reference: Ref 9-8 (Table: Marginal ...
Question
Reference: Ref 9-8
(Table: Marginal and Total Benefit) Look at the table Marginal and Total Benefit. Sed
is deciding how many football games he wants to attend this year. If tickets to each
football game cost $10, then he should attend ________ game(s).
Points: 0
128. Multiple Choice: Reference: Ref 9-8 (Table: Marginal ...
Question
Reference: Ref 9-8
(Table: Marginal and Total Benefit) Look at the table Marginal and Total Benefit. Sed
is deciding how many football games he wants to attend this year. If tickets to each
football game cost $75, how many games should he attend?
129. Multiple Choice: Reference: Ref 9-8 (Table: Marginal ...
Question
Points: 0
Points: 0
Reference: Ref 9-8
(Table: Marginal and Total Benefit) Look at the table Marginal and Total Benefit. Sed
is deciding how many football games he wants to attend this year. If the games are
free, how many games should he attend?
130. Multiple Choice: Reference: Ref 9-8 (Table: Marginal ...
Question
Reference: Ref 9-8
(Table: Marginal and Total Benefit) Look at the table Marginal and Total Benefit.
Rodger is deciding how many football games he wants to attend this year. Suppose
football tickets cost $10, but suppose too that the star player just got injured and
will be out for the season. As a result of the injury, Rodger's total benefit of attending
any game is now only 10% of the value shown in the table. In this case, how many
games should he attend?
Points: 0
131. Multiple Choice: Figure: The Optimal Quantity Referenc...
Question Figure: The Optimal Quantity
Reference: Ref 9-9
(Figure: The Optimal Quantity) Look at the figure The Optimal Quantity. If the
demand for lawn-mowing increased, the ________ curve in the figure would shift to
the ________ and the optimal quantity would be ________ five lawns mowed.
132. Multiple Choice: Figure: The Optimal Quantity Referenc...
Question
Points: 0
Points: 0
Figure: The Optimal Quantity
Reference: Ref 9-9
(Figure: The Optimal Quantity) Look at the figure The Optimal Quantity. If the
demand for lawn-mowing decreased, the ________ curve in the figure would shift to
the ________ and the optimal quantity would be ________ five lawns mowed.
Answer marginal benefit; right; more than
133. Multiple Choice: Figure: The Optimal Quantity Referenc...
Question Figure: The Optimal Quantity
Reference: Ref 9-9
(Figure: The Optimal Quantity) Look at the figure The Optimal Quantity. If the cost of
producing lawn-mowing decreased, the ________ curve in the figure would shift to
the ________ and the total net gain would ________.
Answer marginal benefit; right; increase
Points: 0
134. Multiple Choice: Figure: The Optimal Quantity Referenc...
Question Figure: The Optimal Quantity
Reference: Ref 9-9
(Figure: The Optimal Quantity) Look at the figure The Optimal Quantity. If the cost of
producing lawn-mowing increased, the ________ curve in the figure would shift to the
________ and the total net gain would ________.
Answer marginal benefit; right; increase
135. Multiple Choice: Figure: Marginal Benefits and Margina...
Question
Points: 0
Points: 0
Figure: Marginal Benefits and Marginal Costs
Reference: Ref 9-10
(Figure: Marginal Benefits and Marginal Costs) Look at the figure Marginal Benefits
and Marginal Costs. As shown, more time spent studying economics adds points to
economics scores but (MB) subtracts points from accounting scores (MC). When
Claudia studies economics for 4 hours, the marginal benefit is ________ points;
when Claudia studies for 6 hours, the marginal benefit is ________ points.
136. Multiple Choice: Figure: Marginal Benefits and Margina...
Question
Points: 0
Figure: Marginal Benefits and Marginal Costs
Reference: Ref 9-10
(Figure: Marginal Benefits and Marginal Costs) Look at the figure Marginal Benefits
and Marginal Costs. As shown, more time spent studying economics adds points to
economics scores (MB) but subtracts points from accounting scores (MC). The
marginal benefit of studying economics when Claudia studies for 2 hours is
________ points and the marginal cost is ________ points.
137. Multiple Choice: Figure: Marginal Benefits and Margina...
Question
Points: 0
Figure: Marginal Benefits and Marginal Costs
Reference: Ref 9-10
(Figure: Marginal Benefits and Marginal Costs) Look at the figure Marginal Benefits
and Marginal Costs. As shown, more time spent studying economics adds points to
economics scores (MB) but subtracts points from accounting scores (MC). The
marginal benefit of studying economics when Claudia studies for 4 hours is
________ points and the marginal cost is ________ points.
138. Multiple Choice: Figure: Marginal Benefits and Margina...
Question
Points: 0
Figure: Marginal Benefits and Marginal Costs
Reference: Ref 9-10
(Figure: Marginal Benefits and Marginal Costs) Look at the figure Marginal Benefits
and Marginal Costs. As shown, more time spent studying economics adds points to
economics scores (MB) but subtracts points from accounting scores (MC). At 4
hours of study, Claudia will “maximize” her study time because:
139. Multiple Choice: Reference: Ref 9-11 (Table: Expected...
Question
Reference: Ref 9-11
(Table: Expected Exam Scores from Studying Economics and Accounting) Look at the table
Expected Exam Scores from Studying Economics and Accounting. If you studied for a total of 3
hours, your combined scores would be maximized by spending ________ hours studying
economics.
Answer 1
Points: 0
140. Multiple Choice: Reference: Ref 9-11 (Table: Expected...
Question
Reference: Ref 9-11
(Table: Expected Exam Scores from Studying Economics and Accounting) Look at the table
Expected Exam Scores from Studying Economics and Accounting. If you studied for a total of 3
hours, your combined scores would be maximized by spending ________ hours studying
accounting.
Answer 0
141. Multiple Choice: Reference: Ref 9-11 (Table: Expected...
Question
Points: 0
Points: 0
Reference: Ref 9-11
(Table: Expected Exam Scores from Studying Economics and Accounting) Look at the table
Expected Exam Scores from Studying Economics and Accounting. If you studied for a total of 3
hours, you would expect your combined scores to be ________ points.
Answer 145
142. Multiple Choice: Reference: Ref 9-11 (Table: Expected...
Question
Reference: Ref 9-11
(Table: Expected Exam Scores from Studying Economics and Accounting) Look at the table
Expected Exam Scores from Studying Economics and Accounting. With 3 total hours of study
time, the opportunity (or marginal) cost in terms of your accounting score of spending the first
hour studying economics is ________ points.
Answer 0
Points: 0
143. Multiple Choice: Reference: Ref 9-11 (Table: Expected...
Question
Reference: Ref 9-11
(Table: Expected Exam Scores from Studying Economics and Accounting) Look at the table
Expected Exam Scores from Studying Economics and Accounting. If you studied for a total of 3
hours, the marginal benefit in terms of your economics score of spending the first hour studying
economics is ________ points.
Answer 5
144. Multiple Choice: Reference: Ref 9-12 (Table: Tutoring...
Question
Reference: Ref 9-12
(Table: Tutoring) Look at the table Tutoring. Sigmund faces:
Answer increasing marginal benefit.
Points: 0
Points: 0
145. Multiple Choice: Reference: Ref 9-12 (Table: Tutoring...
Question
Reference: Ref 9-12
(Table: Tutoring) Look at the table Tutoring. Sigmund's optimal number of tutoring
hours is:
146. Multiple Choice: Reference: Ref 9-12 (Table: Tutoring...
Question
Points: 0
Points: 0
Reference: Ref 9-12
(Table: Tutoring) Look at the table Tutoring. At the optimal hours of tutoring,
Sigmund's total net gain is:
147. Multiple Choice: Reference: Ref 9-12 (Table: Tutoring...
Question
Reference: Ref 9-12
(Table: Tutoring) Look at the table Tutoring. If the college requires all tutors to
register with the dean and charges each tutor $10 to register, Sigmund's optimal
number of tutoring hours will be:
Points: 0
148. Multiple Choice: Reference: Ref 9-12 (Table: Tutoring...
Question
Reference: Ref 9-12
(Table: Tutoring) Look at the table Tutoring. If the college requires all tutors to
register with the dean and charges each tutor $10 to register, Sigmund's total net
gain from tutoring will be:
149. Multiple Choice: Reference: Ref 9-13 (Table: The Cost...
Question
Points: 0
Points: 0
Reference: Ref 9-13
(Table: The Cost of Producing Gadgets) Look at the table The Cost of Producing
Gadgets. You own a small manufacturing company that produces gadgets.
According to this table, the marginal cost is:
150. Multiple Choice: Reference: Ref 9-14 (Table: The Bene...
Question
Reference: Ref 9-14
(Table: The Benefit of Producing Gadgets) Look at the table The Benefit of Producing
Gadgets. You own a small manufacturing company that produces gadgets.
According to the table, the marginal benefit of consuming gadgets is:
Points: 0
151. Multiple Choice: Reference: Ref 9-15 (Table: The Cost...
Question
Reference: Ref 9-15
(Table: The Cost and Benefit of Producing Gadgets) Look at the table The Cost and
Benefit of Producing Gadgets. You own a small manufacturing company that
produces gadgets. According to the table, how many gadgets should you produce?
152. Multiple Choice: Figure: The Marginal Analysis of Cell...
Question Figure: The Marginal Analysis of Cell Phones
Reference: Ref 9-16
(Figure: The Marginal Analysis of Cell Phones) Look at the figure The Marginal
Analysis of Cell Phones. You are considering purchasing cell phones for your
department. The graph represents your marginal benefit and marginal cost curves.
How many cell phones will you consume?
Points: 0
Points: 0
153. Multiple Choice: Figure: The Marginal Analysis of Cell...
Question Figure: The Marginal Analysis of Cell Phones
Reference: Ref 9-16
(Figure: The Marginal Analysis of Cell Phones) Look at the figure The Marginal
Analysis of Cell Phones. You are considering purchasing cell phones for your
department. The graph represents your marginal benefit and marginal cost curves. If
you consume the fifth cell phone, your net change in total benefit will be equal to:
154. Multiple Choice: You have rented your first apartment,...
Question You have rented your first apartment, signing a lease that commits you to pay $500
each month for 12 months. You have an opportunity to take a trip to Europe during
the entire month of June and you will spend $2,000 traveling. Your apartment will be
vacant, but because of your lease, you must still pay the rent. The cost of taking the
trip to Europe is:
Points: 0
Points: 0
155. Multiple Choice: Denaro pays $8,000 per month in rent ...
Question Denaro pays $8,000 per month in rent to operate a health club in Memphis. He also
pays $17,000 per month in wages, $3,000 per month in food and supplies, and
$1,000 per month in insurance. All of his costs of production except his insurance
and rent can change if he makes different decisions about his health club
production. Denaro's sunk costs equal:
156. Multiple Choice: On Saturday night you plan to attend ...
Question On Saturday night you plan to attend a movie. You buy a ticket for $7 and then lose
it. According to marginal analysis, you should:
157. Multiple Choice: Sunk costs:
Question Sunk costs:
Points: 0
Points: 0
Points: 0
