Author Question: The decline in starting new businesses A) is concentrated primarily in public service industries. ... (Read 29 times)

EY67 · **on:** Jun 29, 2018

The decline in starting new businesses

A) is concentrated primarily in public service industries.
B) is concentrated primarily in high-tech industries.
C) is concentrated primarily in health care industries.
D) is not concentrated in one industry.

Question 2

Refer to Figure 4-7. The figure above represents the market for iced tea. Assume that this is a competitive market. If 10,000 units of iced tea are sold

A) the deadweight loss is equal to economic surplus.
B) producer surplus equals consumer surplus.
C) marginal benefit is less than marginal cost.
D) the marginal benefit of each of the 10,000 units of iced tea equals 3.