An example of an external cost of alcohol is the
A. emotional costs to the families of alcoholics.
B. cost to alcoholics of going to rehabilitation clinics.
C. cost to bars of hiring janitors to clean up after their customers.
D. cost of producing whiskey.
Answer: A
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Since the 1980s the proportion of income received by the top 5 percent of Americans has ____, and the measured income of Americans in the lowest fifth has ____
a. risen; risen b. risen; fallen c. fallen; risen d. fallen; fallen
The cost of producing one more unit of a good is called marginal cost
a. True b. False Indicate whether the statement is true or false
If the average-total-cost of producing five units is $10, and the marginal-cost of producing the fifth unit is $10, then the average-total-cost curve is at its minimum at five units
a. True b. False Indicate whether the statement is true or false
Suppose you put $10,000 into a bank account today that pays interest annually at an annual rate of 0.5%. What is the future value of the $10,000 after 10 years?
a. $10,050.00 b. $10,511.40 c. $10,573.26 d. $16,288.95