The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake. Without regulation, ________ tons of paper will be produced and the price will be ________ per ton
A) 3; $150
B) 4; $100
C) 4; $200
D) None of the above answers is correct.
B
You might also like to view...
The quantity theory of money assumes a constant ratio of ________
A) money demand to money supply B) money supply to nominal GDP C) money supply to real GDP D) real GDP to nominal GDP
The president of Toyota's Georgetown plant was quoted as saying, "Demand for high volumes saps your energy. Over a period of time, it eroded our focus [and] thinned out the expertise and knowledge we painstakingly built up over the years"
This quote suggests that A) as Toyota expanded its capacity, it experienced diseconomies of scale. B) Toyota was focused on "churning" out cars for which it did not invest sufficiently in training its workers. C) high demand for Toyota's cars prevented the company from focusing on its strength: auto design. D) Toyota was experiencing an excess demand for its automobiles which it had difficulty keeping up with.
A production function represents the:
A. relative values of the inputs and modes of production. B. relative costs of the inputs across various modes of production. C. relationship between the quantity of inputs and the quantity of outputs. D. relationship between the cost of the inputs and the revenue generated by the outputs.
Studies show that
A) mergers create considerable shareholder value. B) mergers lead to economic profit. C) mergers generally do not create shareholder value. D) 'dogs' and 'cash cow' do not need to be merged.