The main problem with using desalination to increase water supplies is that
a. There are few available sources
b. It is very expensive
c. Supplies are usually contaminated with pesticides
d. Water tends to evaporate before it can be used
e. Communities tend to be located too far from water supplies
Answer: b. It is very expensive
Economics
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A cartel's profit-maximizing quantity occurs where the cartel's
a. marginal cost equals marginal revenue b. marginal cost equals demand c. price is highest d. cost is lowest e. demand curve has a kink
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Explain how a "leaky bucket" can be used to illustrate the utilitarian argument that governments should not attempt to completely equalize individual incomes
Economics