The optimal purchase rule is stated as
a. TU = MU.
b. MU = P.
c. TU = P.
d. MU = 0.
b
You might also like to view...
Suppose that inventories were $80 billion in 2012 and $70 billion in 2013. In 2013, national income accountants would ________.
A. subtract $75 billion (= $150/2) from other elements of investment in calculating total investment B. add $10 billion to other elements of investment in calculating total investment C. add $75 billion (= $150/2) to other elements of investment in calculating total investment D. subtract $10 billion from other elements of investment in calculating total investment
Instead of a uniform standard, suppose each firm faces a volume-based, marginal effluent fee (MEF) of $90. How much will each firm abate?
Among the identified point sources contributing to the pollution of Puget Sound are Dow Chemical (D) and Chevron (C). Each firm's cost functions are shown below. MACD = 2.5AD MACC = 3.75AC TACD = 1.25AD2 TACC = 1.875AC2 To meet the effluent limits under the Clean Water Act, each firm has an NPDES permit to release some fixed amount of effluents, so each must abate 30 units.
The prefrontal cortex (PFC) is the key region of the brain for:
A. cost valuation. B. benefit valuation. C. decision making. D. All of these
In the above figure, the combination of computers and televisions shown by point x
A. is not attainable at the point in time for which the graph is drawn. B. can be attained only if some of society's resources are unemployed. C. results only because society allocates its resources inefficiently. D. suggests that the law of increasing relative costs does not hold.