Refer to the table. The after-tax MPS shown is:
A. .1.
B. .2.
C. .33.
D. .4.
C. .33.
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What are the main aspects of economic life that macroeconomics analysis is most concerned with?
What will be an ideal response?
An externality
A) may be positive or negative. B) means a rapidly rising cost borne by consumers. C) is the cost of producing a good outside the United States. D) is the indirect cost, the overhead, of producing a product.
Refer to the graphs shown. The most tax revenue collected by a given per-unit tax on producers is shown by graphs:
A. C and D. B. B and C. C. A and D. D. B and D.
Refer to the graph shown. After an increase in supply, the market is in equilibrium where the demand curve intersects S1. In this new equilibrium, producer surplus is equal to:
A. 1,260. B. 900. C. 2,520. D. 2,940.