If a marginal cost pricing rule is imposed on the firm in the figure above, the deadweight loss will be
A) zero.
B) $100.
C) $200.
D) $50.
A
Economics
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Which of the following is (are) likely to cause the marginal product of an input to decrease?
A) an increase in the real price of the input B) a decrease in the quantity of the input used in production C) technological advances D) all of the above E) none of the above
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A decrease in supply will cause an increase in price, which will cause a decrease in quantity demanded
a. True b. False Indicate whether the statement is true or false
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Rising prices makes people fell worse off even if their real income has not fallen
What will be an ideal response?
Economics
Externalities are only inefficient when they impose a cost. They are not inefficient when they bestow a benefit.
Answer the following statement true (T) or false (F)
Economics