Refer to the data. The collective willingness of this society to pay for the second unit of this public good is:
Answer the question on the basis of the following information for a public good. P a and P b are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society.
A. $2.
B. $4.
C. $6.
D. $8.
C. $6.
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President Obama has discussed raising income taxes for individuals earning over $250,000 in income. Explain how these higher income taxes will affect the aggregate demand curve
What will be an ideal response?
Game theory is used to explain the pricing behavior of
A) monopolies. B) perfect competition. C) monopolistic competition. D) oligopolies.
What happens to each of the following if the supply of loanable funds shifts left? A. the interest rate B. net capital outflow C. the exchange rate
Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital.
If the capital stock is fixed at one unit, how much does the third unit of labor add to total output?
A. 60 B. 80 C. 40 D. 20 E. none of the above