A example of a good with external benefits is
A) a pizza.
B) a dose of flu vaccine.
C) a sewing machine.
D) an imported good.
E) a pair of running shoes.
B
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Renee consumes pizza and rice. An increase in her income causes her to consume fewer pizzas and more rice. The change in pizzas consumed means that
A) her total utility from consuming pizzas had been negative. B) her marginal utility from consuming pizzas had been negative. C) her marginal utility from consuming pizzas had been zero. D) pizza is an inferior good for Renee.
Which of the following firms rely on patents the most as the barrier to keep other firms from entering the industry?
A. pharmaceutical firms B. textbook publishers C. law firms D. wine makers
The dollar value of final output
A. is greater than total income. B. equals profits. C. is equal to total income. D. is less than total income.
What tools or tests are used by police departments to select police officers? Do you believe they are reasonable? Can the system be improved?
What will be an ideal response?