Demand shifters do not include
A. the price of the good.
B. the price of the other goods.
C. the consumer's income.
D. the level of advertising.
Answer: A
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In economics, the optimal level of pollution is
A) zero. B) the level for which the net benefit from reducing the pollution is greatest. C) the level for which the total benefit from reducing the pollution is greatest. D) the level which generates a positive externality.
Bob's Books is the only bookstore in town. The figure above shows the demand curve for books and Bob's Books' marginal revenue curve and marginal cost curve
Bob's Books maximizes its profit and sets the price of a book equal to ________ and has total annual revenue of ________. A) $40; $40,000 B) $30; $60,000 C) $20, $60,000 D) $10; $40,000
What condition must exist for a monopolist to effectively price discriminate?
A) The monopolist must face consumers with identical willingness to pay. B) The monopolist must produce a good or service that can be resold. C) The monopolist must produce a good that cannot be resold. D) The monopolist must charge the highest price possible.
The sum of past federal deficits is reflected in the federal:
a. cyclical debt. b. Congressional debt. c. national debt. d. GDP debt.