Suppose two neighborhoods with 10 homes each in Buffalo, New York are identical except one of them is near a toxic waste dum
A) $400,000.
B) $1,300,000.
C) $900,000.
D) $500,000.
E) $90,000.
D
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Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $12, the firm
A) incurs an economic loss, but will not shut down. B) will not shut down in the short run, but will leave the industry in the long run. C) will shut down. D) is breaking even.
When a muscle attaches to a bone, the end that does not move is the:
A. insertion. B. origin. C. root. D. tendon.
Holding other factors constant, if new environmental regulations increase firms' cost of operating capital, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.
A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease
Father says, "Earn an A on your next report card and I'll help you buy a car." An economist would say that this parent is providing his child a(n)
A. study disincentive. B. bribe. C. reason to slack off and not worry about her grades. D. incentive.