Refer to the above table. The marginal utility of the 5th movie for Michael is
A. 60 units of utility.
B. 390 units of utility.
C. 50 units of utility.
D. 40 units of utility.
Answer: C
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The government uses some of the tax money it collects from individuals and businesses to support public welfare programs. What is the benefit of these welfare programs to businesses in a private enterprise economy?
A. Recipients don't have to work. B. Businesses must budget more money for taxes. C. Funds received by recipients are spent in businesses. D. Government has control of how the recipients spend their money.
One effect of inflation is that it is a tax that redistributes goods and services from
A) investors to savers. B) households and businesses to the government. C) businesses to households. D) government to households. E) government to businesses.
In the figure above, if the market is unregulated, at the equilibrium output the marginal external cost is
A) zero. B) $250 per unit. C) $150 per unit. D) $100 per unit.
Regulators often adopt policies that benefit
A) consumers and injure producers. B) the firms regulated rather than consumers. C) only the government. D) no one.