The income distribution of college graduates overlaps that of high school dropouts
Indicate whether the statement is true or false
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The table above gives the demand for a monopolist's output. Between which two quantities is demand elastic?
A) 6 and 5 B) 5 and 4 C) 4 and 3 D) 3 and 2
The interest rate you typically earn on a deposit at a bank:
A. represents the price of your loan. B. represents the risk of investing. C. is the opportunity cost to you of lending money. D. is the opportunity cost to a bank of lending money.
If a purely competitive firm is producing at the P = MC output and realizing an economic profit, at that output:
A. marginal revenue is less than price. B. marginal revenue exceeds ATC. C. ATC is being minimized. D. total revenue equals total cost.
A negative externality is a situation in which
A. a firm is paying in excess of the total costs of producing a good. B. a cost associated with an economic activity is borne by a third party. C. there is a spillover of benefits. D. None of these.