All of the following are choices for the polluter when faced with additional costs to abate the externality EXCEPT
A) ignore the government regulations.
B) install pollution abatement equipment.
C) reduce the pollution-causing activity.
D) pay the price to pollute.
Answer: A
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Tacit collusion is more likely to occur when firms' costs ________ closely related and their products ________ close substitutes.
A) are not; are B) are; are not C) are not; are not D) are; are
Consumer Price Index (CPI)
What will be an ideal response?
Consider the following scenario: The Kellogg's facility buys corn and makes boxes of cornflakes. The grocer buys those boxes and places them on the shelf. A mother then buys a box for her family. Which of the following would be classified as a purchase of a final good?
What will be an ideal response?
If marginal utility is zero
A. a rational consumer will not consume additional units. B. a rational consumer will consume more units next time. C. a rational consumer will consume more units if the price is zero. D. a rational consumer will consume fewer units next time.