Which of the following is correct?

A. IM + X = G? T
B. I + G + T = S + X? M
C. I + G + X = S + T + IM
D. I + T + G = S? X? IM

Answer: C

Economics

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Why would the amount of education provided be inefficient if subsidies to education were not provided?

What will be an ideal response?

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If the businesses last forever, then the Nash Equilibrium is

a. for one firm to charge a HP forever b. for your firm charge a LP when the other firm does c. for each firm to charge HP until the rival does, and then to charge a LP forever. d. for each firm to charge LP until the rival does, and then to charge a HP forever.

Economics