You rent a car for $29.95. The first 100 miles are free, but each mile thereafter costs 10 cents. You plan to drive it 200 miles. What is the marginal cost of driving the car beyond the first 100 free miles? O The marginal cost is $10.00 plus the cost of gas. O The marginal cost is whatever can be purchased with $29.95 plus $10.00. O The marginal cost is $29.95. O The marginal cost is the cost of gas plus the initial payment.

Marginal cost is the one more unit of a good and opportunity cost of producing increases as production O price that must be paid to consume; decreases as consumption O opportunity cost of producing: decreases as production O price that must be paid to consume; increases as consumption of the good increases.

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Quantity Total Benefit 0 1 2 3 4 5 6 7 8 0 100 190 270 340 400 450 490 520 Marginal Benefit --- 100 90 80 70 60 50 40 30 What quantity will maximize total net benefits? What is the marginal benefit at the optimal quantity? What is the marginal cost at the optimal quantity? What is the total net benefit at the optimal quantity? Total Cost 15 30 55 90 135 190 255 330 415 î ♥ Marginal Cost --- 15 25 35 45 55 65 75 85 Total Net Benefit -15 70 135 180 205 210 195 160 105 Marginal Net Benefit --- 85 65 45 25 5 -15 -35 -55

QUESTION 19 If one fails to account for implicit costs in decision making, then the cost-benefit rule will be flawed because, O A. the costs will be overstated O B. the costs will be understated C. the benefits will be overstated D. the benefits will be understated.

eco please help.....

It is a beautiful afternoon, and Jose is considering taking a leisurely two-hour stroll through the park. There ar other activities Jose is considering doing instead. The value Jose receives from each of the activities is provide Alternative Activities Value Streaming a movie $5 Taking a nap $8 Chatting with his best friend $13 Reading a new book $15 What is Jose's cost of taking the stroll through the park?

1. Your health club offers you "free" parking and unlimited use of its facilities seven days a week if you buy an annual membership for $3,650, to be paid at the time the membership is taken out. Otherwise, you buy daily passes for $10 per day for the use of the facilities, plus pay for your parking. Is your parking truly "free" if you buy the annual membership? Explain.

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The city of Edmonton is trying to figure out if they should add lights to crosswalks on busy roads. The lights would cost the city $80 000 to install and would improve safety at these crosswalks. If the crosswalk lights reduce the risk of fatality by 1 percent and the city estimates the value of human life is $10 million, what would an economist advise the city to do? Select one: O a. The economist would advise the city to install the lights because the cross out expected benefit of $1 000 000 is greater than the cost. O b. The economist would advise the city to not install the lights because the expected benefit of $80 000 is equal to the cost. cross out O c. The economist would advise the city to install the lights because the expected benefit of $100 000 is greater than the cost. cross out O d. The economist would advise the city to not install the lights because the expected benefit of $10 000 is less than the cost. cross out