In the figure above, if the government provides the efficient amount of education, how many students will be accepted?
A) 8 million per year
B) 12 million per year
C) 10 million per year
D) 16 million per year
B
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Suppose the market for Blu-rays has the demand and supply schedules shown in the table above. Suppose a technological advance increases the quantity of disks supplied at each price by 25 million
What is the new equilibrium price and the new equilibrium quantity of Blu-rays?
The first phase of antitrust policy in the U.S. began with the passage of the Sherman Antitrust Act in 1890 . To judge a firm's action, the courts in this period used:
a. a per se rule. b. a rule of reason. c. a rule of thumb. d. rules of order. e. strict enforcement rule.
When applying the marginal principle, you should pick the level at which the activity's marginal benefit equals its marginal cost.
Answer the following statement true (T) or false (F)
Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as
A. a devaluation. B. a revaluation. C. a depreciation. D. an appreciation.