The higher the cost of talking on a cell phone in public (in terms of being perceived by others as rude) the less likely one is to do so
Indicate whether the statement is true or false
True
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In order to internalize the externality due to pollution, the government should impose a tax based on
A. the value of the pollution-causing business activity. B. the physical amount of pollution. C. the size of the firm causing the pollution. D. the economic damage associated with the pollution.
Check the determinants that contributed to the shift in the demand curve for toilet paper during the Covid-19 pandemic.
a. Change in buyers tastes and preferences b. Change in number of buyers c. Change in income d. Change in the price of related goods e. Change in consumer expectations
After Suzie, owner of Suzie's Sweet Shop, hires her 8th worker the average product of labor declines. Which of the following statements must be true?
A) The average product of labor is negative. B) The marginal product of the 8th worker is negative. C) The marginal product of the 8th worker is less than the average product of labor before the 8th worker was hired. D) Suzie's profits would be greater if she did not hire the 8th worker.
The recessions associated with the business cycle come at irregular intervals.
a. true b. false