Left alone, with no government interference, a profit-maximizing firm will produce emissions
A) where the MSB curve crosses the MCA curve.
B) at the vertical intercept of the MSB curve.
C) at the horizontal intercept of the MSB curve.
D) at the vertical intercept of the MCA curve.
E) at the horizontal intercept of the MCA curve.
E
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Refer to Table 5.1, which shows Madeline's preference ranking for various consumption bundles of bread and soup, where 1 represents her first choice, 2 her second, and so on. If the price of soup is $3 per bowl, the price of bread is $3 per loaf and Madeline's income is $9 per day, which combination of bread and soup will she choose?
A. 2 loaves of bread and 1 bowl of soup
B. 1 loaf of bread and 2 bowls of soup
C. 3 loaves of bread and 0 bowls of soup
D. 0 loaves of bread and 3 bowls of soup
Economic growth is difficult for poor countries because
A. governments must fund capital production and research out of tax revenues. B. resources must be taken away from consumer goods to pay for capital goods. C. those wealthy enough to invest in domestic industries may choose to invest abroad instead. D. All of the choices are true.
merger will usually be challenged if which of the following is expected to occur as a result of the merger?
A) an increase in consumer surplus B) competition remains after the merger C) a price decrease D) a price increase
Which of the following would policy makers monitor to understand personal consumption expenditures (PCEs):
A. S&P 500 Stock Index B. Consumer Price Index (CPI) C. Retail sales D. Real Gross Domestic Product (GDP