The use of emission charges to control pollution can impact all of the following except a firm's:
A.) Production decision.
B.) Profitability.
C.) Lease payment.
D.) Long-run plans.
C.) Lease payment.
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Which of the following is not included in U.S. GDP?
a. The market value of an oil change that Ben performs on his own car. b. The market value of an oil change at Speedy Lube. c. The market value of oil purchased by Ben. d. Production of foreign citizens living in the United States that work in an oil packaging facility.
If people (who used to neither borrow nor save) are now borrowing to put their kids through college, then this will cause the equilibrium interest rate
A. to fall. B. to fluctuate wildly. C. to rise. D. to remain constant.
The economy's current rate of interest is 10 percent and a firm has $100,000 of owner-invested capital. Its total revenue is $50,000 and the firm's explicit costs are $30,000. From this we know that this firm's
A. economic profit is -$10,000. B. accounting profit is -$500. C. economic profit is $10,000. D. accounting profit is $50,000.
When total product is decreasing, marginal product is
A. constant. B. positive and increasing. C. negative. D. positive and decreasing.