How much pollution should we emit?
A. To a level where MB is greater than or equal to the MC
B. To a level where MC is greater than the MB
C. Zero
D. A fair amount of pollution
Answer: A
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As the use of DVDs becomes more widespread, we would expect all of the following except one. Which is the exception?
a. The prices of CDs will decrease. b. The demand curve for CD players will shift leftward. c. The supply curve of CD players will shift rightward. d. The demand curve for CDs will shift leftward. e. Firms will move their resources away from CD production to DVD production.
Which of the following statements is true about empty cores?
a. It is individually rational to form coalitions when cores are empty. b. There are no unblockable payoff allocations. c. The only way to prevent blocking is side payments among coalition members. d. Empty cores leave each person with payoff just equal to their production values.
If real salaries decrease but nominal salaries do not, this means that:
A. the purchasing power of money has increased. B. prices have not changed. C. prices have risen. D. prices have fallen.
If two inputs are complementary and employed in fixed proportions, an increase in the price of one input will:
A. Decrease the demand for the other input B. Increase the demand for the other input C. Increase the quantity demanded for the other input D. Have no effect on the demand for the other input