Refer to the supply and demand graph below for a public good. Which line segment would indicate the amount by which the marginal benefit of this public good exceeds the marginal cost at a certain quantity?
A. de
B. da
C. ef
D. ab
B. da
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The U.S. Gini ratio for income has ________ within recent decades, which means economic inequality has ________
A) decreased; increased B) decreased; decreased C) increased; decreased D) increased; increased
Government borrowing may crowd out borrowing by private interests because
A) funds are not available at any interest rate. B) the equilibrium interest rate increases. C) the supply curve shifts to the left. D) None of the above.
Investors in the London Company (which was later re-formed as the Virginia Company)
a. earned substantial profits on their investment. b. earned modest profits on their investments. c. broke even, with revenues just covering the principal. d. earned substantial losses on their investment.
Give a complete and concise definition of each of the following terms. a. Deliberately erected entry barriers b. Inefficiency of monopoly c. Price discrimination d. Profit-maximizing equilibrium for a monopolist
What will be an ideal response?