Which of the following will cause the demand curve for beer to shift right?
A) a fall in the price of beer
B) a fall in average incomes of beer consumers
C) a decline in population
D) a successful advertising campaign linking beer consumption to lower cholesterol
D
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Which of the following would be classified as a fixed cost for the local supermarket?
A) The cost of the boxes of cereal sold in the store. B) The salary and any overtime paid the store's manager. C) The rent from the six-year lease for the building the store uses. D) The Social Security tax the store pays the federal government on the workers' income.
The benefit of a subsidy accrues mostly to consumers
A) in every instance. B) if Ed/Es is large. C) if Ed/Es is small. D) if Ed and Es are equal. E) in no instance.
One way to solve the free-rider problem is:
A. have the government provide the good at a certain cost. B. make the good or service more excludable. C. tax those who truly value the good. D. tax everyone an equal amount for the good.
The firm's shutdown point occurs at an output of
A. 30.
B. 45.
C. 60.
D. 65.