Refer to the table above. When the price is ________ and the quantity is ________, social surplus is maximized
A) $8; 5 units
B) $6; 4 units
C) $4; 4 units
D) $2; 8 units
C
You might also like to view...
If it is assumed that capital is alike and freely mobile between economies, the Solow growth model
A) has no need of the recent attempts at improving it. B) suffers from the "exogeneity" problem. C) suffers from the "non-convergence" problem. D) suffers from the "incentives" problem.
As the size of a nation's outstanding debt gets larger and larger relative to the size of the economy,
a. eventually it will become difficult for the country to borrow in global credit markets. b. the country will have to pay higher real interest rates in order to induce investors to purchase its bonds. c. at some point, the country will be more or less forced to bring spending into line with revenues in order to maintain the confidence of investors. d. all of the above are correct.
Payment by firms to landlords for commercial space is counted in aggregate accounting as:
A. rents. B. employee compensation. C. profits. D. interest.
A recessionary gap means that short-run macroeconomics equilibrium GDP...
What will be an ideal response?