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hanbell795 hanbell795
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6 years ago
What is the free-rider problem? What results from the free-rider problem? What is a solution to the free-rider problem?
 
  What will be an ideal response?



Ques. 2

The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. If the market is perfectly competitive and unregulated, the equilibrium price per ton will be
 
  A) 70.
  B) 80.
  C) 90.
  D) 100.



Ques. 3

Suppose firms in a perfectly competitive market are incurring an economic loss. As firms exit, the price ________ and the economic loss of the surviving firms ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; increases
  D) falls; decreases



Ques. 4

The Gini ratio in Brazil was over 0.6 in 1990 and fell to 0.5 in 2010. This change means that over this time inequality ________ and the Lorenz curve moved ________ the 45 degree line.
 
  A) increased; closer to
  B) increased; further away from
  C) decreased; closer to
  D) decreased; further away from



Ques. 5

Economies of scope are cost reductions achieved by
 
  A) the production of multiple, related products.
  B) the production of large amounts of a single product.
  C) limiting the size of the firm.
  D) increasing firm size.



Ques. 6

Which two goods will most likely have indifference curves that are straight lines?
 
  A) blue and red balloons
  B) left and right shoes
  C) pizza and hair spray
  D) beef and chicken



Ques. 7

In the above figure, the average fixed cost curve is curve
 
  A) A.
  B) B.
  C) C.
  D) D.



Ques. 8

Which of the following increases the demand for U.S. union labor?
 
  A) an increase in the minimum wage
  B) an increase in the demand for imported goods
  C) new laws that ease immigration restrictions
  D) All of the above cause an increase in the demand for union labor.
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geraldmanullanggeraldmanullang
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6 years ago
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hanbell795 Author
wrote...

6 years ago
Thanks
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Yesterday
Thanks for your help!!
wrote...

2 hours ago
Correct Slight Smile TY
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