It is possible to charge a price for a pure public good
a. True
b. False
Indicate whether the statement is true or false
False
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Explain the differences between commodity money, representative commodity money, and partially backed representative commodity money
What will be an ideal response?
Suppose that to move more people off the wait list for organ donations, surgeons and hospitals are developing a market for organ swapping. This is an example of a macroeconomics topic
Indicate whether the statement is true or false
Refer to Table 12-1. Suppose the fixed cost of production rises by $500 and the price per unit is still $8. What happens to the firm's profit-maximizing output level?
A) It must rise to offset the increased cost. B) It must fall. C) The firm will shut down. D) It will remain the same.
Which of the following will cause the demand curve for beer to shift right?
A) a fall in the price of beer B) a fall in average incomes of beer consumers C) a decline in population D) a successful advertising campaign linking beer consumption to lower cholesterol