Refer to the figure below. The socially optimal quantity in this market is ________ units per day.
A. T
B. W
C. V
D. U
Answer: B
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If the money prices of resources changes, the SAS curve shifts
Indicate whether the statement is true or false
In Irving Fisher's quantity theory of money, velocity was determined by
A) interest rates. B) real GDP. C) the institutions in an economy that affect individuals' transactions. D) the price level.
A public offer by one company to directly buy the stock of another company is known as
a. a tender offer b. a red herring c. an acquisition contract d. a right of first refusal e. a declaration of sale
When one is considering costs of taking a trip in their car, the average cost per mile includes some items of cost that are not included in the marginal cost of a mile driven. This statement is
A. absurd because marginal costs do not apply to mileage costs. B. always false. C. always true. D. sometimes true and sometimes false depending on the circumstances.