Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Assume Mr. Lingle is on budget constraint AC. If the price of a beer is $5, Mr. Lingle's monthly income is
A. $40.
B. $80.
C. $100.
D. $200.
Answer: D
Economics
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Are municipal tennis courts and municipal golf courses public goods? Why or why not?
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Monopolistic competition is considered inefficient because
a. price exceeds marginal cost. b. output is excessive. c. long-run profits are positive. d. barriers to entry limit the number of firms in the market.
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With a tax of $2,000 on $30,000 of income, and $2,000 on $70,000 of income, we can describe the structure of this tax as:
A. Progressive B. Proportional C. Regressive D. Marginal
Economics
Refer to the data. NI is:
Answer the question on the basis of the following data. All figures are in billions of dollars.
A. $362.
B. $372.
C. $447.
D. $402.
Economics