If a good is nonexcludable,
a. the providing it is Pareto optimal
b. people have an incentive to become free riders on that good
c. then it is probably also nonrival
d. then it is a pure public good
e. then it is a pure private good
B
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Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price decreases from $20 to $18 is
A. -1.37. B. -0.33. C. -3.29. D. -1.
According to the figure above, the opportunity cost of producing another computer is
A) higher at A. B) higher at B. C) the same at every point along the frontier. D) different at most points along the frontier but equal at points A and B because they are equally distant from the axes.
If a monopsonist's labor supply curve is positively sloped, the marginal factor cost (MFC) will be below the wage rate
a. True b. False Indicate whether the statement is true or false
An adjustable-rate mortgage (ARM) is a kind of loan used to purchase a home and for which the interest rate varies or is indexed against the rate of inflation.
Select whether the statement is true or false. A. True B. False