The value of the balanced-budget multiplier is
A. 1.
B. greater than 1.
C. greater than 0 but less than 1.
D. 0.
Answer: A
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In a situation in which internal costs differ from social costs, we say that there exists a(n)
A) welfare loss. B) welfare benefit. C) internality. D) externality.
The goal of the business firm is maximization of ____, and the goal of the consumer is maximization of ____
a. total sales; income b. total profit; utility c. total output; utility d. total sales; utility
In the production function, Y=AF(K,N) variable A is
A. total factor productivity B. marginal output of labor C. the x-factor D. a measure of unemployment
Given that the firm wants to sell both the versions, how should it price its products to have the users self-sort themselves profitably?
a. No-name $60; High-end $130 b. No-name $60; High-end $100 c. No-name $40; High-end $100 d. No-name $40; High end $130