In the above table, if the quantity sold by the firm rises from 5 to 6, its marginal revenue is
A) $15.
B) $30.
C) $75.
D) $90.
A
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What is the opportunity cost of going from point E to point D?
Two factors that have contributed to an increase in income inequality are
A) outsourcing of jobs and tax increases. B) economic growth and low inflation. C) technological change and globalization. D) low interest rates and a strong U.S. dollar.
In the health insurance context, moral hazard occurs when patients make less healthy choices and doctors provide treatments that have little medical benefit because they know the costs will be covered by insurance.
Answer the following statement true (T) or false (F)
"The social cost of a monopoly comes from the fact that it charges a price higher than what consumers are willing to pay." Do you agree or disagree? Why?
What will be an ideal response?