An emission charge
A. Increases private marginal cost and reduces output.
B. Increases private marginal cost and increases output.
C. Reduces private marginal cost and reduces output.
D. Reduces private marginal cost and increases output.
Answer: A
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In the figure above, the marginal cost of producing a computer
A) increases as more computers are produced. B) stays the same as more computers are produced. C) decreases as more computers are produced. D) is the same as the marginal cost of producing a television set.
In a small economy, gross investment is $1,500, consumption spending is $6,000, net investment is $200, government spending is $1,500, exports are $2,000 and imports are $1,000. What is GDP for this economy?
A) $10,700 B) $10,300 C) $10,200 D) $10,000
If Mousey Mike tattles, what would Bratty Brad's best response be
a. Hit b. Not hit c. Run d. Hide
Refer to the scenario above. Which among the following is a possible outcome if the number of bidders decreases to 45?
A) There will be no change in the outcome of the auction. B) The optimal bid for Molly will now be $831.11. C) The optimal bid for Molly will now be $745. D) The optimal bid for Molly will now be $845.