Consider a town with three residents. The residents' demand curves for various acres of a public park are shown below.
The public is willing to pay $14 for the ________ acre of parkland.
A. $6.
B. $8.
C. $20.
D. $14
Answer: C
You might also like to view...
Investors are often willing to take the risks associated with investing in capital goods in developing nations because developing nations
A) insure a small return on investment. B) always insure the investments. C) have a large portion of the world's unutilized or underutilized resources and hence profit potential. D) get the International Monetary Fund (IMF) to back investments through a series of loan guarantees.
_________ inflation can be explained by an ________ shift in the aggregate _________ curve
a. Demand-pull, leftward, demand b. Cost-push, rightward, supply c. Demand-pull, leftward, supply d. Cost-push, rightward, supply
Assume that the adoption of a new technology costing $8 per year lowers the marginal cost of producing Good X from $7 to $3 . The firm will adopt the new technology if it expects annual profit to increase from $14 to $18
Indicate whether the statement is true or false
If a Japanese pension fund decides to purchase U.S. government bonds, what is the effect in the exchange market? a. It will increase the supply of U.S. dollars
b. It will decrease the supply of U.S. dollars. c. It will increase the demand for U.S. dollars. d. It will decrease the demand for U.S. dollars.