Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total fixed cost is equal to
A) $20.
B) $35.
C) $79.
D) $85.
E) Some amount, but more information is needed to determine her fixed cost.
A
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Cap and Trade is a system aimed at correcting for externalities by
a. imposing taxes. b. establishing tradable permits. c. placing quotas on specific firm’s output. d. limiting exports.
Which of the following increases the size of the expenditure multiplier?
A) an increase in investment B) an increase in autonomous spending C) a decrease in the marginal propensity to consume D) a decrease in the marginal propensity to import E) an increase in the marginal income tax rate
There is clear evidence that the Civil War (1861–1865) aided industrialization in the U.S
Indicate whether the statement is true or false
User charges are identical to market prices
a. True b. False