When a corrective tax is assessed, the costs of a firm’s pollution become ______.
a. public
b. private
c. zero
d. fixed
b. private
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Use Figure 13.1 above to help with the following question. Why is it true that at every level of output except the first unit, the monopolist's marginal revenue (MR) is below price
What will be an ideal response?
A corporation's board of directors
A) are the sole owners of the corporation. B) hire the managers of the corporation. C) are personally liable for the debts of the corporation. D) control the day-to-day activities of the corporation.
Recessionary gap arises when
a. inventory stock falls. b. government spending increases. c. when the general price level increases. d. there is less spending than desired.
Which of the following is not an example of derived demand?
a. Increased demand for corn when cornflakes become more popular. b. Increased demand for iTunes music when sales of iPods increase. c. Increased demand for hybrid automobiles when gas prices rise. d. Decreased demand for movie tickets when ticket prices rise.