One example of the health damage that can be caused by pollution is
A. a greater incidence of asthma due to air pollution.
B. the harm to agriculture.
C. the reduction in enjoyment from damaged environmental amenities.
D. damage to a functioning ecosystem.
Answer: A
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A competitive firm produces notebooks which sell in the market at $2 each. The firm hires 40 workers. If the market price of the notebooks increases to $3.5 each, which of the following statements is true?
a. The firm's labor demand curve will become flatter. b. The firm's labor demand curve will shift outward parallel to itself. c. The firm's labor demand curve will shift outward parallel to itself. d. The firm's labor demand curve will become steeper.
For a monopolist, the point where the marginal revenue curve intersects the horizontal axis is:
A. located at the same point where the demand curve intersects the horizontal axis, since for a monopolist, the demand curve and the marginal revenue curve overlap. B. unable to be determined without knowing the location of the marginal cost curve. C. one-fourth of the distance between the origin and the point where the demand curve intersects the horizontal axis. D. one-half the distance between the origin and the point where the demand curve intersects the horizontal axis.