Assume that an individual spends his income on sweaters and shirts. If the price of a sweater increases:
A) the opportunity cost of buying sweaters increases.
B) the opportunity cost of buying sweaters decreases.
C) the opportunity cost of buying shirts increases.
D) There is no change in the opportunity cost of consuming either good.
Question 2
The figure above shows the marginal social cost curve of generating electricity, the marginal private cost curve, and the demand curve.
If the government imposes a pollution tax to achieve the efficient level of production, the tax equals ________ per kilowatt hour. A) 0
B) 7.5
C) 10
D) 15
E) 2.5
Jaundice. Photograph of an individual with liver disease, evidenced by the yellowing of the sclera o
Sequencing a large chromosome by individual sequence determination of cloned fragments in sequences
Income per Capita versus Income of the Bottom Quintile
Relationship between Income Inequality and the Desired Tax Rate
Saving Rate by Decile of Income per Capita
Concepts related to the pathogenesis of myocardial infarction in an individual with diabetes.