Which of the following gives consumers an incentive to reduce the consumption of a service when the cost of providing the service is the highest?
a. average cost pricing
b. constant pricing
c. peak load pricing
d. regulated pricing
c
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Empirical studies suggest that as real GDP per person increases the level of pollution:
A. decreases. B. remains constant. C. first increases then decreases. D. increases.
The change in fixed costs over the short run is seen in the behavior of marginal costs
Indicate whether the statement is true or false
Since the Federal Reserve Banking Act of 1978, what has been the Fed's chief responsibility?
a. Encouraging investment b. Regulating foreign trade c. Minimizing the interest payments on the national debt d. Achieving a low and stable rate of inflation e. Keeping the interest rate low
A risk premium is
A. lower the more risky the future stream of profits. B. an additional compensation paid to the workers of a business enterprise. C. subtracted from the discount rate when calculating the present value of a future stream of profits. D. a measure calculated to reflect the riskiness of future profits.