What contributes to the existence of multiproduct firms?
A. Economies of scale
B. Cost complementarity
C. Economies of scope and cost complementarity
D. Economies of scope
Answer: C
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Suppose that Sweden imposes a retail disposal charge on household batteries. To assure that allocative efficiency is achieved, this charge should be set equal to
Use the following forany or all of Questions 11 through 13 below. Consider the following model of the municipal solid waste (MSW) services market in the city of Houston. MSC = 1.5 + 1.25Q MSB = 30 – 2.5Q MEC= 0.75Q MEB= 0 whereQ is the number of trash containers serviced per household per month. a. the vertical distance between MSB and MPB at QC b. the marginal social benefit at QE c. the MPC associated with battery production d. the ?MEB at the efficient equilibrium
Suppose that 1983 is the base year for the Consumer Price Index (CPI) and in 2014 the CPI was 220. What does this "220" mean?
A) What cost $100 in 1983 on average cost 2.20 times as much in 2014. B) What cost $100 in 1983 on average cost $220 more in 2014. C) What cost $100 in 1983 on average cost 0.22 times as much in 2014 (that is, it cost $22 in 2014). D) What cost $100 in 1983 on average cost $22 more in 2014.
The text maintains that elected and appointed government officials
What will be an ideal response?
The beginning of the formal budget process is signified by:
a. in the form of the Economic Report of the President
b. in a report followed shortly by the Economic Report of the President.
c. at the beginning of the fiscal year.
d. in a report that should be voted up or down within 60 days.
e. in a report that requires a two-thirds vote for ratification.