If education creates positive externalities,
a. private markets provide less than the socially optimal quantity of education
b. private markets provide more than the socially optimal quantity of education
c. the marginal private benefit curve is higher than the marginal social benefit curve
d. the marginal private cost curve is higher than the marginal social cost curve
e. the government should impose a depletion tax
A
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a. total gross profit b. net revenue c. total revenue d. total net profit
The aggregate demand curve for labor is the
a. vertical summation of the individual firms' demand curves. b. horizontal summation of the individual firms' demand curves. c. horizontal summation of all the individual supply curves. d. vertical summation of the individual firms' supply curves.