In the above figure, in order to achieve efficiency, a tax of ________ per unit is needed
A) $3
B) $6
C) $0
D) $2
D
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Which of the following measures is most often used to compare the standards of living in different countries?
A. life expectancy at birth B. per capita energy consumption C. per capita income D. daily per capita calorie supply
The Federal Reserve will engage in a matched sale-purchase transaction when it wants to ________ reserves ________ in the banking system
A) increase; permanently B) increase; temporarily C) decrease; temporarily D) decrease; permanently
The primary purpose of a budget is to
What will be an ideal response?
Refer to the graphs below of D and MR for a monopolist. Which of the following statements is true?
A. A price cut from P1 to P2 would lead to a decrease in consumer spending on the product
B. A price cut from P1 to P2 would lead to an increase in consumer spending on the product
C. A price cut from P2 to P3 would lead to no change in consumer spending on the product
D. A price cut from P2 to P3 would lead to an increase in consumer spending on the product