Total cost is comprised of __________.
Fill in the blank(s) with the appropriate word(s).
variable cost; fixed cost
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In the above figure, the optimal level of pollution cleanup is
A) Q1. B) Q2. C) Q3. D) Q4.
A municipal bond is
a. issued by the federal government.
b. issued by state and local governments.
c. issued by corporations.
d. issued by households.
Which of the following is an example of a positive externality?
A) banning the sale of junk food on Sundays B) living next door to a dairy farm C) purchasing a pinball machine for your game room D) planting trees along a sidewalk which add beauty and create shade
What fundamental problem does the New Keynesian model have, when compared to the data?
A) Investment fluctuates more than consumption. B) The real wage moves too little. C) Aggregate output demand does not matter. D) Prices do not fluctuate in the right way.