The table above describes the market for paper. The production of paper produces pollution. There are no external benefits. What is the efficient amount of paper?
A) 10 tons per week
B) 60 tons per week
C) 40 tons per week
D) 30 tons per week
D
You might also like to view...
Suppose you are considering buying stock in the stock market, and your objective is to maximize your net worth. Furthermore, your study of the market reveals that the economy will be slowing down over the next several months
Under these conditions, it would be best to purchase stock in companies that produce A) normal goods. B) luxury goods. C) price elastic goods. D) inferior goods.
Which of the following statements is correct?
A) assets plus liabilities equal net worth B) assets plus net worth equal liabilities C) assets equal liabilities plus net worth D) liabilities minus net worth equal assets
The VP in charge of product launches hypothesizes that a particular product would not be profitable, then killing a potentially profitable product is a
a. Type I error b. Type II error c. Type III error d. Type IV error
Financial institutions are known as financial intermediaries because they serve as go-betweens, which link _____ and _____
a. the government; the taxpayers through IRAs b. savers; borrowers c. employers; employees d. firms; the government e. firms; consumers