When the government pays part of my university education, it is
A. using direct regulation to discourage an external cost.
B. subsidizing an external benefit.
C. internalizing an external cost.
D. using taxes to discourage an external cost.
Answer: B
You might also like to view...
Refer to Table 4-3. The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specializes in producing western wear. If the market price of cowboy hats is $50, producer surplus is
A) $0. B) $4. C) $62. D) $138.
Gross domestic product is the total dollar value at current prices of all final and intermediate goods produced by a nation during a given time period
a. True b. False Indicate whether the statement is true or false
In this table, if the quantity increased to 7, what would the total revenue be?
a. 27
b. 30
c. 32
d. 35
Under conditions of perfect competition, AR and MR
a. are represented by a straight vertical line. b. diverge. c. are represented by a straight horizontal line. d. are represented by an upward sloping line.