Use the following diagram to answer the next question.
Which of the following would have caused a move from point 1 to point 2 in the diagram above?
A. An increase in government spending.
B. An increase in worker productivity.
C. An increase in taxes.
D. An increase in imports.
Answer: A
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Net exports of goods and services are defined as the
A) value of the goods we sell to foreigners. B) income we receive from selling goods to foreigners. C) value of exports minus the value of imports. D) value of exports minus the income we receive from foreigners. E) value of exports plus the income we receive from foreigners.
Under perfect price discrimination, marginal profit at each level of output equal
A) 0. B) P - AC. C) P - MC. D) P - AR.
In the Alcoa case, the Supreme Court abandoned the per se rule and established the rule of reason
a. True b. False Indicate whether the statement is true or false
The state is considering adding a satellite campus to its major university. How can marginal analysis assist, even though the university does not attempt to maximize profits?