The effect of an externality is that:
a. production of a public good equals market demand.
b. production of a private good equals market demand.
c. true market demand for public goods may be determined by the number of consumers that pay for the goods.
d. the producer of a public good has a limited incentive to produce it because all consumers cannot be charged for the good.
ANSWER: D
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The Community Reinvestment Act attempts to prevent a banking practice known as
A. redlining. B. credit scoring. C. credit diving. D. term intermediation.
Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. What is the contribution
margin per machine hour for Bales? A) $7 B) $5 C) $35 D) $28
Deadlines and action information should be placed in the ________ of a routine request message
A) introduction B) body C) closing D) subject line
Which sentence expresses numbers correctly?
A) ?After waiting nearly 2 hours to see the doctor, the patient complained to the office manager. B) ?Adam took his family to Walt Disney World for 10 days. C) Despite 25 decades of democracy, America continues to experience some election problems.