Microeconomics

In the short run, the marginal-revenue product curve is ________ because of ________.

Started by Garrulous

Applied to perfectly competitive labor markets, the marginal principle tells firms to hire workers until:

Started by hbsimmons88

When a firm hires a worker for one hour, the marginal benefit to that firm equals the:

Started by soccerdreamer_17

Other things being equal, as diminishing marginal returns begin to occur, the marginal revenue ...

Started by saliriagwu

Labor costs account for approximately ________ of total production costs.

Started by leilurhhh

How does a tax credit for hybrid vehicles reduce the externalities associated with automobiles?

Started by fox

What are the sources of external costs from automobiles?

Started by DyllonKazuo

In the United States, traffic collisions have very low external costs.

Started by Sufayan.ah

Automobiles create externalities when they create congestion and waste time of others.

Started by panfilo

A lower price for automobiles would reduce the externalities from automobiles.

Started by itsmyluck

A pollution tax on automobile emissions would encourage people to use alternative means of transportation.

Started by pane00

The current means of regulating automobile emissions is "command-and-control."

Started by ARLKQ

Recall the Application about the external cost of young drivers to answer the following ...

Started by michelleunicorn

In the United States, the average collision-related external cost of travel is about ________ per ...

Started by jayhills49

If the cost of driving during specific times of the day increases, people will drive less during ...

Started by james

By imposing tolls on the drivers that drive during the busiest times, a government would be attempting to:

Started by chads108

The gridlock and smog that are associated with traffic in large cities are known as:

Started by futuristic

The efficient congestion tax is zero when:

Started by haleyc112

The external cost of congestion arises because:

Started by cagreen833

The U.S. government offers tax credits on hybrid automobiles. This tax credit:

Started by ETearle

The degree to which a gasoline tax is effective at reducing gasoline purchased would depend on the:

Started by melina_rosy

Compare a direct pollution tax on automobile travel with a tax on gasoline. The gasoline tax is:

Started by fnuegbu

When the EPA dictates the abatement equipment for vehicles, it determines:

Started by saliriagwu

The single largest source of smog is:

Started by Themember4

When the EPA requires that specific abatement equipment be installed in cars:

Started by karlynnae