In the year 2000, per pupil expenditures on education in the United States were around _____

A small country is considering imposing a tariff on imported wine at the rate of $5 per bottle. Economists have estimated the following based on this tariff amount:  World price of wine (free trade):$20 per bottleDomestic production (free trade):500,000 bottlesDomestic production (after tariff):600,000 bottlesDomestic consumption (free trade):750,000 bottlesDomestic consumption (after tariff):650,000 bottles  The imposition of the tariff on wine will cause the surplus of the domestic consumers to ________ by about

A. fall; $3.5 million. B. fall; $10 million. C. rise; $3.5 million. D. fall; $250,000.

If a natural monopoly is forced to set a price consistent with price efficiency, it will

A. Set price equal to the ATC of production. B. Incur a loss on every unit of output produced. C. Earn a profit on every unit of output produced. D. Set price above marginal cost.