In the figure above, when 6,000 pizzas are produced, the marginal benefit of a pizza ________ its marginal cost, which means ________ pizza is being produced
A) exceeds; too little
B) exceeds; too much
C) is below; too much
D) is below; too little
E) equals; the efficient quantity of
C
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A tariff is a:
a. tax on an exported product. b. limit on the number of goods that can be exported. c. limit on the number of goods that can be imported. d. tax on an imported product. e. subsidy on an imported product.
Consumer surplus received from the purchase of a good is $300 . If the producer surplus received for the same good is $600, then the total surplus is $300
a. True b. False Indicate whether the statement is true or false
Recycling in the United States in recent years
A. has decreased in spite of increased rates for common recycling materials. B. has remained unchanged, and increased rates for recycling may help. C. has increased with increased rates for recycling materials. D. has increased with no help from increased fees for recycling materials.
Refer to the above graph. A budget deficit would be associated with GDP level:
A. L. B. K. C. J. D. no GDP level.