Given the graph below, the competitive firm's supply curve is the:
A. MC curve above F
B. MC curve above G
C. MC curve above H
D. MC curve above J
B. MC curve above G
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Refer to Figure 5-4. What does S2 represent?
A) the market supply curve that reflects external cost B) the market supply curve that reflects social benefit C) the market supply curve that reflect private cost D) the market supply curve that reflects social cost
Refer to the accompanying figure. If demand shifts from D1 to D2, and at the same time, supply shifts from S1 to S2, then according to the figure:
A. the equilibrium quantity will decrease and the equilibrium price will increase. B. the equilibrium quantity will increase and the equilibrium price will increase. C. the equilibrium quantity will increase and the equilibrium price will decrease. D. the equilibrium quantity will decrease and the equilibrium price will decrease.
Which of the following is considered an economic resource?
A. The ice cream that kids buy at the ice cream parlor B. The HD-TV sets in people's homes C. The land that is designated as national parks by the government D. shoppers buying stuff at the mall
. An employer that only employs applicants who have college degrees is an example of
A. proofing. B. moral hazard. C. screening. D. mandating that information be shared.