Use the following graph of the market for milk to

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Use the following graph of the market for milk to answer the question below. In this market, the equilibrium price is _______ and equilibrium quantity is _______. rev: 05_10_2018 Multiple Choice $28 per gallon; 150 million gallons $1.00 per gallon; 35 million gallons
$1.50 per gallon; 30 million gallons $1.50 per gallon; 28 million gallons Use the following graph to answer the question below. At a quantity of 130, marginal benefit equals ______ and marginal cost equals _____. rev: 05_10_2018 Multiple Choice $1.60, $0.50 Correct
Use the following market data to answer the question below. Price per Unit Quantity Purchased by Consumer Quantity Sold by Producer $5 2,000 0 10 1,800 300 15 1,600 600 20 1,400 900 25 1,200 1,200 30 1,000 1,500 In the market shown in the table, the equilibrium quantity is rev: 05_10_2018
1,400. 1,600. 1,200. The problems of inflation and unemployment are rev: 05_10_2018 Multiple Choice not relevant to the U.S. economy. major topics of microeconomics. major topics of macroeconomics. Correct only relevant to European economies. The circular flow model illustrates
rev: 05_10_2018 Multiple Choice how natural and other resources are created. how money is created by the banking system. the importance of having a central plan for the economy. the interdependence of businesses and consumers. The economizing problem is essentially one of deciding how to make the best use of rev: 05_10_2018 Multiple Choice limited resources to satisfy limited economic wants. unlimited resources to satisfy limited economic wants.
Microeconomics is concerned with rev: 05_10_2018 Multiple Choice how government debt affects aggregate economic activity. a detailed examination of specific economic units that make up the economic system. Correct the establishing of an overall view of the operation of the aggregate economic system. the aggregate or total levels of income, employment, and output.
The basic truth that underlies the study of economics is the fact that we all face rev: 05_10_2018 Multiple Choice taxes. risk. scarcity. Correct death.
Which of the following is not a main function of the entrepreneur? rev: 05_10_2018 Multiple Choice to make routine pricing decisions Correct

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