Natural gas is a natural monopoly. The figure above shows the market for natural gas in the city of Lucknow. When a marginal cost pricing rule regulation is imposed, the price per household per month is ________
A) $30 and 20,000 household are served
B) $10 and 40,000 household are served
C) $10 and 20,000 household are served
D) $20 and 30,000 households are served
B
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Primary reserves are held in the form of ____ and ____; secondary reserves are held in the form of _____.
Fill in the blank(s) with the appropriate word(s).
According to behaviorial economists, traditional economic models assume all the following characteristics EXCEPT
A. unbounded resources. B. unbounded rationality. C. unbounded selfishness. D. unbounded willpower.
One problem with the unemployment rate is that:
a. discouraged workers are included in the calculation. b. the data includes part-time workers as fully employed. c. underemployment is measured in the calculation. d. all of these are problems.
When economists speak of markets, they primarily mean: a. places where production of goods and services take place
b. those locations where stocks and bonds of corporations take place. c. mechanisms that coordinate actions of buyers and sellers. d. the trillions of dollars that change hands in the foreign exchange markets.