Use the Figure Below to Answer the Following Questions

question 157

Multiple Choice

Use the figure below to answer the following questions.

Figure 2.2.1
-In Figure 2.2.1, when 2,000 bicycles are produced each month,

• A)the marginal benefit from another bicycle is greater than the marginal cost of another bicycle.
• B)more bicycles must be produced to reach the efficient level of output.
• C)fewer bicycles must be produced to reach the efficient level of output.
• D)the economy is efficient at this level of production of bicycles.
• E)both A and B.

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Definitions:

Drinking coffee

The act of consuming coffee, a beverage made from roasted and ground coffee beans, which is popular worldwide for its stimulating effect.

Sleep patterns

The habitual resting periods, including the timing, duration, and quality of sleep.

Exercising

Engaging in physical activities to sustain or improve health and fitness.

Sleep deprivation

A condition resulting from inadequate quantity or quality of sleep, which can affect cognitive function, mood, and physical health.