The above figure shows the market for buckets of golf balls at the driving range. A new leisure time tax is placed on suppliers in this market, shifting the supply curve from S0 to S1. The amount of this tax is ________ per bucket of golf balls
A) $4
B) $2
C) $2.50
D) $1
E) $3
E
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Through correspondent banking, large banks provide services to small banks, including
A) loan guarantees. B) foreign exchange transactions. C) issuing stock. D) debt reduction.
Which of the following would lead a utility-maximizing consumer to search for additional information?
a. an increase in income b. an increase in the marginal cost of information c. improved technology (e.g., Internet search programs) d. a reduction in the dispersion of prices e. an increase in the consumer's wage rate
Suppose that John has many of the same characteristics as the stereotypical mathematician. According to the representative heuristic, this will tend to make people think that:
A. many people are bad at math. B. John is good at math. C. John is bad at math. D. many people are good at math.
One main difference in the rulings on the 1945 Alcoa case and the 1956 Dupont cellophane case is that the Alcoa case:
A. Focused on structure whereas the Dupont case focused on behavior B. Focused on behavior whereas the Dupont case focused on structure C. Defined the market broadly whereas the Dupont case defined the market narrowly D. Defined the market narrowly whereas the Dupont case defined the market broadly