Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer is maximizing profits, his total revenue will be
A. $90.
B. $135.
C. $180.
D. $240.
Answer: C
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What is the Taylor rule and how does it work?
What will be an ideal response?
A firm dumps dioxin in a river, thereby severely polluting the river. The cost of the water pollution is i. zero for the firm. ii. an external cost. iii. part of the marginal social cost
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
Nebraska had an unseasonable cold winter requiring more salt for the roads than normal. If the supply does not change what would happen to the market for salt?
A. The increased demand but no change in quantity supplied causes a surplus of salt. B. There will be more suppliers of salt at every price. C. The increased demand but no change in quantity supplied causes a shortage of salt. D. There is no change in the market.
Figure 4-22
Refer to . The equilibrium price in the market before the tax is imposed is
a.
$1.00.
b.
$3.50.
c.
$5.00.
d.
$6.00.