Statistics show that 88% of all computer science majors are ________ and 86% of all architects and engineers are ________

Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is $54, the quantity of satellites provided by a competitive market is

A) 0. B) 1. C) 2. D) 3.

Many governments around the world attempt to improve the incomes of commodity producers by taking steps to increase the commodity price in the domestic market

Although this may reduce quantity demanded for the product, the action may be effective because: A) commodity supply tends to be inelastic, so quantity does not decline by much. B) commodity supply tends to be elastic, so producer income increases as a result of the higher prices and quantities. C) commodity demand tends to be inelastic, so higher prices generate higher sales revenue. D) commodity supply tends to be elastic, so producer income increases as a result of the higher prices and quantities.