If a road is congested, then use of that road by an additional person would lead to a

a. negative externality.
b. positive externality.
c. Pigovian externality.
d. free-rider problem with rush hour drivers stuck in traffic.

a

Economics

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Refer to Figure 4-3. What area represents the deadweight loss at P2?

A) G + H B) C + E + H C) C + E D) B + C

Economics

Refer to the table shown. The average product when eight workers are employed is:Number of workersTotal output142103184285356417458489501049 

A. 3. B. 4. C. 5. D. 6.

Economics