All of the following are private costs of operating an automobile EXCEPT
A) gasoline for the car.
B) depreciation of the vehicle.
C) car insurance.
D) harm to the environment from emissions.
D
Economics
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Refer to the table above. What is the marginal revenue of the monopolist when it sells 300 units of its product?
A) $1 B) $2 C) $3 D) $4
Economics
Answer the following questions true (T) or false (F)
1. The long-run aggregate supply curve is vertical. 2. When potential GDP increases, long-run aggregate supply also increases. 3. A supply shock causes the long-run aggregate supply curve to shift left, decreasing the price level.
Economics