When a Pigouvian tax is imposed, ________
A) the marginal private cost curve shifts upward
B) the demand curve shifts rightward
C) the marginal social cost curve shifts downward
D) the marginal social benefit curve shifts downward
A
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If a firm collects $90 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $105 in revenue when it sells 6 units, then one can infer the firm is a:
A. perfect competitor. B. monopolist. C. price taker. D. profit maximizer.
If Big Fitness, a large workout facility, offers a discounted membership to college students, this is an example of ________.
A) zero-degree price discrimination B) first-degree price discrimination C) second-degree price discrimination D) third-degree price discrimination
Developing countries have been able to reduce the effect of depreciation on the value of their debt by:
A) issuing debt in U.S. dollars. B) issuing debt in domestic currency. C) appreciating their currency. D) using expansionary fiscal policy.
When the error term is not normally distributed, then
? is sometimes called the:
A. ?asymptotic standard error. B. ?asymptotic t statistic. C. ?asymptotic confidence interval. D. ?asymptotic normality.