COMPLETE TEST BANK PRINCIPAL OF
MICRO ECONOMICS 9TH EDITION MANKIW
EXAM WITH QUESTIONS AND DETAILED
ANSWERS RATED A+ |2024 UPDATE
|LATEST UPDATE!!!
T - correct answer > The cost of an action is measured in terms
of foregone opportunity
T - correct answer > A marginal change is a small incremental
adjustment to an existing plan of action
F - correct answer > A rational decision maker takes an action
if and only if the marginal cost exceeds the marginal benefit
F - correct answer > A market economy cannot produce a
socially desirable outcome because individuals are motivated
by their own selfish interests
MICRO ECONOMICS 9TH EDITION MANKIW
EXAM WITH QUESTIONS AND DETAILED
ANSWERS RATED A+ |2024 UPDATE
|LATEST UPDATE!!!
T - correct answer > The cost of an action is measured in terms
of foregone opportunity
T - correct answer > A marginal change is a small incremental
adjustment to an existing plan of action
F - correct answer > A rational decision maker takes an action
if and only if the marginal cost exceeds the marginal benefit
F - correct answer > A market economy cannot produce a
socially desirable outcome because individuals are motivated
by their own selfish interests
