Which of the following is NOT a member of DR-CAFTA?
A. Mexico
B. the United States
C. Honduras
D. the Dominican Republic
Answer: A
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Use the following graph of the market for milk to answer the question below.
If 30 million gallons of milk are being produced, then we know marginal benefit
A. is less than marginal cost. B. and marginal cost do not depend on the quantity. C. is greater than marginal cost. D. equals marginal cost.
In the simplest Keynesian expenditure model, which of the following is fixed to allow for easy evaluation of changes in demand due to real income?
a. the price level b. interest rates c. tastes and preferences d. future expectations
Suppose the demand curve and the supply curve in a market are both linear. If a $2 tax per unit results in a deadweight loss of $200, how large would be the deadweight loss from a $3 tax per unit?
The marginal cost curve intersects the short-run average total cost curve where:
A. marginal cost is minimized in the short run. B. average variable costs are minimized in the short run. C. average total costs are minimized in the short run. D. average variable costs are maximized in the short run.