Externalities between two firms can be "internalized" if: I. The two firms merge. II. Bargaining costs are zero. III. The externalities affect each firm equally. IV. Marginal costs for both firms are constant. Which statement(s) correctly complete(s) the sentence?
a. Only II.
b. All except III.
c. I and II, but not III and IV.
d. I and IV, but not II and III
c
Economics
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Say that a consumer's income elasticity of demand over the relevant range is equal to 2 . When she has a monthly income of $2,000, she spends $600 on food. If her monthly income rose to $4,000, how much would she spend on food? a. $900
b. $1200. c. $1800. d. $2400.
Economics
When comparing average wages for male and female workers in the United States, wages paid to females have been about 40 percent less than those paid to male workers
a. True b. False Indicate whether the statement is true or false
Economics