An emission charge
a. takes advantage of firms’ natural profit incentive
b. cannot achieve a least-cost solution
c. offers no revenue stream to governments
d. has no effect on product pricing
a. takes advantage of firms’ natural profit incentive
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Alex has allocated his income in such a way that the marginal utility of the last unit of product X he consumes is 40 utils and that of the last unit of Y is 16 utils. If the unit price of X is $5, then the price of Y must be
A. $1 per unit. B. $3 per unit. C. $2 per unit. D. $4 per unit.
Explain the differences between the public debt and the government budget deficit
What will be an ideal response?
If the expected inflation rate is 4 percent and the nominal interest rate is 9 percent, the expected real interest rate is _____
a. 13 percent b. ?5 percent c. 9 percent d. ?13 percent e. 5 percent
When the price is P1, in order to maximize profits this firm must produce a quantity equal to 
A. q2. B. q1. C. q3. D. Q1.