Production involving a positive externality is inefficient
a. True
b. False
A
Economics
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Using the data in the above table, what is the marginal product of the second worker?
A) 4.5 pizzas per hour B) 4 pizzas per hour C) 5 pizzas per hour D) The marginal product is undefined.
Economics
The value of an object on which a tax is levied is known as the
a. tax rate. b. tax impact. c. tax base. d. tax incidence.
Economics
A firm has an Actual margin of 0.60 and charges a price of $75. The firm’s marginal cost is:
? $25 B. $125. ? $45 D $30
Economics
Refer to Figure 6.2. The Nash equilibrium for the market is
A. Fly Air-full service, Hi Air-full service B. Fly Air-no frills, Hi Air-full service C. Fly Air-full service, Hi Air-no frills D. Fly Air-no frills, Hi Air-no frills
Economics