Per-unit pollution reduction subsidies
a. are implemented by paying a polluter for using a particular type of abatement equipment
b. can elevate profits, which encourages entry, and hence can perversely increase aggregate emissions
c. are used exclusively in the United States at the federal level of government
d. are designed to lower the costs of abatement technology
b. can elevate profits, which encourages entry, and hence can perversely increase aggregate emissions
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If a firm faces a labor supply curve that is positively sloped, then the marginal cost of labor curve
A) equals the wage rate. B) equals the minimum wage. C) lies above the value of marginal product curve. D) lies above the labor supply curve.
Which of the following statements is TRUE?
A) Bank failure is limited to banks that have mismanaged their assets. B) Bank failure is limited to banks that have invested in real estate. C) Bank failure is limited to banks that have invested in government bonds. D) Bank failure is limited to a few banks. E) Bank failure is NOT limited to banks that have mismanaged their assets.
Which of the following is true, according to the law of diminishing marginal utility?
a. The marginal utility of Diane's second Coke is greater than the marginal utility of her third pretzel, other things constant. b. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third pretzel, other things constant. c. The marginal utility of Diane's second Coke is greater than the marginal utility of her third Coke, other things constant. d. The total utility of two Cokes is greater than the total utility of three Cokes, other things constant. e. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third Coke, other things constant.
Economists cite some beneficial effects of price discrimination. What are these benefits and how do the antitrust laws treat price discrimination?