Marginal social cost is the difference between the marginal cost and the marginal damage cost.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The product-variety externality and the business-stealing externality are both spillover benefits of new firms entering a monopolistically competitive market
a. True b. False Indicate whether the statement is true or false
Business taxes fall. This raises __________, which raises __________ and the __________ curve shifts rightward
A) consumption; aggregate demand (AD); AD B) investment; government purchases; AD C) investment; aggregate demand (AD); AD D) net exports; aggregate demand (AD); AD E) none of the above
?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 18.3. Mia's opportunity cost of producing one bandana is:
A. 1/3 of a hair pin. B. 2.5 hair pins. C. 3 hair pins. D. 9 hair pins.
Suppose the demand for pizza in a small isolated town is p = 10 - Q. The only two firms, A and B, behave as Cournot duopolists. Each has a cost function TC = 2 + Q
If the government wants to subsidize firm A to raise its output to that of a Stackelberg leader, how large should the subsidy be?