What is the highest price the monopolist could charge and still sell fish?
Answer: $13, at which the monopolist could sell one bushel of fish.
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The total benefits to society from pollution abatement
A) increase at an increasing rate with the increase of pollution abatement. B) increase at a decreasing rate with the increase of pollution abatement. C) decrease at an increasing rate with the increase of pollution abatement. D) decrease at a decreasing rate with the increase of pollution abatement.
Which of the following could be a cause of consumption decreasing?
A. Real income increases. B. Interest rates increase. C. Wealth increases. D. Expected future income increases.
In the United States, the wage rates for high school graduates are growing faster than the wage rates for college graduates
a. True b. False Indicate whether the statement is true or false
Say a public good is provided to two consumers: John and Jill. John's willingness to pay for the good is P = 10 - Q, and Jill's is P = 20 - 2Q. The marginal cost to provide the good are 2Q. Assume the government must pay for providing this good by taxing Jill and John equally to raise the necessary revenue. When the optimal quantity of this good is provided, Jill's willingness to pay for the good is
A. 2. B. 4. C. 12. D. 48.