For a monopoly, the value of the next worker equals
A) MR ? MPL.
B) p ? MPL.
C) MPL.
D) w/MPL.
A
You might also like to view...
Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table above gives their production possibilities. With specialization and trade, Sweet Pansy produces ________ and Blue Violet produces ________
A) 150 coffeepots, 150 teapots B) 150 teapots, 75 coffeepots C) 150 teapots and 150 coffeepots, nothing D) 100 teapots and 25 coffeepots, 100 teapots and 50 coffeepots
Since 1950,
A) the average length of expansions in the United States have become longer as compared to before 1950. B) the average length of expansions in the United States have become shorter as compared to before 1950. C) economic expansions in the United States have been so short that expansions barely exist. D) the average length of expansions in the United States are about the same length as compared to before 1950.
Combating the "greenhouse effect" has classic free-rider problems
a. True b. False Indicate whether the statement is true or false
If both the marginal social benefit of abatement function and the marginal social benefit of abatement function shifted up. a. The greater would be the efficient level of pollution abatement
b. The smaller would be the efficient level of pollution abatement. c. There would be no change in the efficient level of pollution abatement. d. We do not know whether the efficient level of pollution abatement would rise or fall.