Suppose that you want to build a community garden for your neighborhood, which has 500 residents. The cost of the garden is $2,000 . and each person values the garden at $3 . After a month, you have only received 75 donations at $3 each. The result is that
a. the local government should build the garden, but you should not.
b. you should still build the garden, but the local government should not.
c. neither you nor the local government should build the garden.
d. either you or the local government should build the garden.
c
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Consider the following statements when answering this question
I. If the cost of producing each unit of output falls $5, then the short-run market price falls $5. II. If the cost of producing each unit of output falls $5, then the long-run market price falls $5. A) I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) I and II are false.
Which of the following federal agencies is engaged in social regulation?
A) Equal Employment Opportunity Commission B) Office of the Comptroller of the Currency C) the Securities and Exchange Commission D) Federal Deposit Insurance Corporation