Based on this producer surplus graph, how many full units can the firm produce each week and receive a producer surplus on?
a. one
b. two
c. three
d. four
c. three
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Which of the following is an example of a good produced under monopoly?
A) CDs B) Books C) Aerated drinks D) Patented software
Positive externalities can be dealt with by _____ them
a. subsidizing b. taxing c. regulating d. encouraging
A tax of a specific absolute sum levied on every person in the nation is called a(n)
a. income tax b. proportional tax c. progressive tax d. equitable tax e. poll tax
Refer to the graph shown. When price rises from $30 to $40:
A. lost revenue is represented by areas C and E and gained revenue is represented by area A. B. gained revenue is represented by areas B, C, D, and E and lost revenue is represented by area A. C. gained revenue is represented by areas C and E and lost revenue is represented by area A. D. lost revenue is represented by areas B, C, D, and E and gained revenue is represented by area A.