When a Pigouvian subsidy is imposed on a market with a positive externality efficiency:
A. is not affected.
B. decreases.
C. increases.
D. drops to zero.
C. increases.
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Vault cash is equal to $8 million, deposits by depository institutions at the central bank are $2 million, the monetary base is $30 million, and bank deposits are $100 million. The money multiplier is equal to
A) 2.5. B) 3.0. C) 4.0. D) 5.0.
Given a demand curve, explain how total revenue may be calculated.
What will be an ideal response?
In 1976, the cost of a movie was $4. In 2012, it's $9. If the CPI for 1976 is 56, and 228 for 2012, to find the real 2012 value of a 1976 movie, we would multiply its nominal value in 1976 by the ratio of:
A. (56/228). B. (228/56). C. (9/5). D. (5/9).
When marginal cost exceeds the average variable cost, average variable cost must be increasing
a. True b. False Indicate whether the statement is true or false