A perfect price discriminating monopoly
A) captures all consumer surplus.
B) creates deadweight loss.
C) increases market inefficiency.
D) decreases total welfare.
A
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You are having a party and one of your guests lights up a cigar without asking. Explain why this creates an externality
What will be an ideal response?
During times of financial prosperity, the number of people on public assistance ______, causing aggregate demand to ______.
a. decreases; decrease b. increases; increase c. decreases; increase d. increases; decrease
Which of the following makes the official measure of unemployment in the U.S. an understatement of actual unemployment?
a. Some workers become discouraged and are not actively seeking work. They are officially counted in the labor force as unemployed. b. The official measure of civilian unemployment fails to account for very high levels of unemployment among active-duty military personnel. c. The statistics count part-time employment as being no different from full-time employment. d. The official measure counts all part-time workers as unemployed.
Use the above table. The MPC is
A) 0.09. B) 0.20. C) 0.80. D) 0.91.