Uniform standards
a. are not relevant to mobile source controls
b. refer to standards that remain the same over time
c. have been shown to be more costly than a two-tiered standard on motor vehicles
d. achieve an allocatively efficient outcome
c. have been shown to be more costly than a two-tiered standard on motor vehicles
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If Cassie's Coffee House purchases 42 cents worth of ingredients and spends 28 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's value added per cup of coffee is
A) 19 cents. B) 28 cents. C) 47 cents. D) 61 cents.
Refer to the payoff matrix below. Which of the following is the Nash Equilibrium?
A) Set Low Price/Set Low Price
B) Set High Price/Set Low Price
C) Set High Price/Set High Price
D) Set Low Price/Set High Price
Average revenue is
a. total revenue minus total cost b. total revenue divided by quantity of output c. total revenue divided by quantity of input d. the change in total revenue divided by the change in output e. the change in total revenue divided by the change in the quantity of an input used
If the federal budget deficit declines, the national debt
A. will definitely go down. B. may go down. C. will definitely go up. D. may go up.