Public goods are goods that have
A) only a few low income consumers.
B) clear property right.
C) nonexcludability and nonrivalrous.
D) features that cannot be addressed by creating property rights.
C
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Economies of scope is when a firm obtains a production advantage from producing more than one product
Indicate whether the statement is true or false
Which of the following is a type of ownership that features a fixed payment?
a. common stock b. preferred stock c. retained earnings d. bonds
According to the classical dichotomy and money neutrality, a doubling of the money supply, holding all else constant, causes prices to _____ and real GDP to _____
Fill in the blank(s) with correct word
If a firm hires 215 workers it will produce 3,016 units of output. If it hires 216 workers it will produce 3,128 units of output. The marginal physical product of labor equals
A. 1. B. 3,128. C. 216. D. 112.