The dollar value of a retail (or front-end) disposal charge needed to restore efficiency to this market would be
Use thefollowing information for any or all of Questions 16 through 18.
Suppose the marginal benefits and marginal costs of tire production in the U.S. are modeled as follows, where Q is in millions:
MSB = 12 – 0.4Q MPB = 12 – 0.3Q MSC = MPC = 2 + 0.1Q
a. $4 c. $6
b. $2 d. $20
b. $2
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Prices play a role in a market
A) because they distribute scarce goods to those consumers who value them most highly. B) because when prices are in equilibrium, product shortages or surpluses can occur. C) because they help eliminate poverty. D) because they eliminate scarcity.
When you were 10 years old, your grandparents put $500 into an account for you paying 7 percent interest. Now that you are 18 years old, your grandparents tell you that you can take the money out of the account. What is the balance to the nearest cent?
a. $1,200.00 b. $1,111.77 c. $983.58 d. $859.09
Which of the following is true of sub-Saharan Africa?
What will be an ideal response?
Economists before the 1940s were most likely to call a rise in asset prices inflation, as long as it is accompanied by an increase in:
A. a price index. B. GDP. C. goods inflation. D. the money supply.