Janae donates $50 to the local Humane Society. This means she can't buy that new pair of shoes, which according to her utility schedule, would have maximized her utility. This example illustrates the ________ aspect of behavioral economics

The largest source of revenue for funding schools in the average US city is

a. federal income taxes b. state income taxes c. city property taxes d. state and city sales taxes

The fundamental reason a single-price monopoly creates a deadweight loss is that compared to the efficient outcome, the single-price monopoly

A) raises variable cost. B) raises fixed cost. C) restricts output. D) reduces the elasticity of demand.