Elephant populations in some African countries have started to rise because
a. environmentalists have developed effective educational campaigns.
b. the value of ivory has decreased.
c. some elephants have been made a private good, and people are allowed to kill elephants on their own property.
d. regulations are being enforced more forcefully.
c
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Suppose you are accepted to all of the three business schools to which you applied. Consider all the factors that could matter when it comes to choosing a business school
a. How would you go about making an optimal decision about which school to attend? b. Suppose you have to give up a job that pays you $40,000 a year to attend business school. How would this affect your calculations of which business school to attend?
Refer to Scenario 5.5. The expected cost to the firm if it does not fix the car is
A) $0. B) $24 million. C) $7.9 million. D) $2 million. E) $3.6 million.
In a perfectly competitive market, if P < MC, then
A) too little output is being produced. B) too much output is being produced. C) production is efficient, as the firm is earning profits. D) the firm is paying a price for resources that is too high.
The International Water Management Institute estimates that clean water could be provided to everyone on earth for an outlay of $______ a year beyond current spending on water projects.
Fill in the blank(s) with the appropriate word(s).