You hold a $1,000 bond that has an interest rate of 5 percent. If comparable interest rates rise to 10 percent, and you decide to sell this bond, the price you receive will be

The government should provide one more unit of a public good if ________

A) the marginal benefits equal the marginal costs of providing the additional unit B) the marginal cost of providing the next unit exceeds the marginal benefits C) the marginal benefits exceed the marginal costs of providing the next unit D) the marginal costs of providing the next unit equal the average cost of providing the next unit

Which of the following would be classified as a short-run decision?

A) A firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies, e.g., shut off lights when leaving a room. B) A restaurant's decision to increase the number of patrons it can accommodate by adding on a new dining room. C) A trucking firm's decision to move to a smaller facility. D) A university's decision to add a new residence hall.