In the U.S., people tend to discard items rather than repair them because
a. Americans are lazy
b. of the high opportunity cost of time
c. it is costly to use land for waste disposal
d. high wages in the waste disposal industry discourages repairs
e. low wages in the repair industry encourages disposal
B
Economics
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Producers' surplus is the difference between the price __________ receive for a good and the __________ price for which they would have __________ the good
A) sellers; maximum; sold B) buyers; maximum; bought C) sellers; minimum; sold D) buyers; minimum; bought
Economics
In the above figure, what is the AVERAGE total cost of producing 10 units of output?
A. $4 B. $8 C. $12 D. $50 E. $360
Economics