Which of the following factors is not a major cause of long-term economic growth?
a. Investments in physical and human capital
b. Constructive labor-management relations
c. Expansionary monetary policy
d. Effective corporate governance policies
e. Government institutions and policies to improve economic efficiency
.C
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Keeping in mind the Coase theorem, in the figure above, if the residents of the town own the lake, how much do they charge the factories to dump waste?
A) $30 per ton of pesticide produced B) $40 per ton of pesticide produced C) $20 per ton of pesticide produced D) Nothing
When marginal cost is decreasing, total cost is rising
a. True b. False
Efficiency is the condition that exists when there is no way resources can be reallocated to increase the production of one good without decreasing the production of another
Indicate whether the statement is true or false
Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table shows the reservation prices of the eight students enrolled in the class. CustomerReservation Price($/Book)Q60R54S48T42U36V30W24X18If Campus Books is permitted to charge 2 prices, and the bookstore knows customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them, then how many in total books will the bookstore sell?
A. 7 B. 6 C. 5 D. 8