Cartels are inherently unstable
a. True
b. False
A
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If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
a. change to a positive slope. b. change to a negative slope. c. shift to the left. d. shift to the right.
It is often substantially cheaper to own and operate a used car rather than a new one because
A) the interest rate on a used car loan is generally lower. B) his is a trick question. All things considered, the cost per mile traveled is generally cheapest if you buy a new car every year. C) the depreciation cost for a new car will almost always be substantially higher. D) the maintenance cost of a new car is generally higher.
The accompanying table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15. Number of Car Washes Per MonthTotal Monthly Benefit from Car Washes0$01$202$363$484$565$60 What is the marginal cost of the 5th car wash each month?
A. $15 B. $12 C. $14 D. $4
If you get great pleasure from anticipating a fun event which of the following is true?
A. You likely have more savings than you would have without the anticipatory pleasure. B. Your intertemporal indifference curve is steeper than it would be without that pleasure. C. You have a higher marginal rate of time preference than if you didn't get that pleasure. D. All of these are true.