In the table above, if the cost of capital is $20 per day and an hour of labor is $15 per day, which method is economically efficient?
A) A
B) B
C) C
D) D
C
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Why does a monopoly cause a deadweight loss?
A) because it does not produce some output for which demand exceeds supply B) because it increases producer surplus at the expense of consumer surplus C) because it appropriates a portion of consumer surplus for itself D) because it does not produce some output for which marginal benefit exceeds marginal cost
One of the results of the strong economic growth in the United States relative to the rest of the world is a
a. U.S. trade surplus. b. U.S. trade deficit. c. growing U.S. net exports. d. trade deficit for U.S. trading partners.
An example of human capital would be
A. A carpenter's saw. B. Carpentry skills. C. A computer. D. All of the choices are correct.
Many products come with a warning about how to use the product without harming other people. Why?
What will be an ideal response?