Refer to Figure 10.1. If Daisy contributes to the lighting, Luke should
A) contribute if Bo contributes.
B) not contribute only if Bo does not contribute.
C) contribute if Bo does not contribute.
D) not contribute regardless of what Bo decides to do.
D
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An increase in net taxes (taxes paid by the private sector to the government less transfer payments and interest payments made by the government to the private sector) will:
A. increase private saving. B. increase public saving. C. decrease public saving. D. reduce investment in new capital equipment.
Wendell can sell five motor homes per week at a price of $22,000. If he lowers the price of motor homes to $20,000 per week he will sell six motor homes. What is the marginal revenue of the sixth motor home?
A) $10,000 B) $12,000 C) $20,000 D) $22,000
Bonnie gets her hair cut at her usual salon and is very happy with the results. Later that afternoon, she goes to the mall and sees that a hair salon is giving away free haircuts only on that day. If Bonnie does not take advantage of the giveaway, it is because the:
A. marginal utility of the next haircut would be zero or negative. B. marginal utility of the next haircut would increase. C. marginal utility of the next haircut would be zero or positive. D. total utility of both haircuts would be zero or negative.
What is the Coase theorem
What will be an ideal response?