The figure above shows that the deadweight loss from the tariff is

Partial crowding out implies that a government deficit financed by selling bonds to the non-bank public will

A) have no effect on aggregate demand. B) reduce aggregate demand. C) increase aggregate demand. D) reduce aggregate demand in the short run but cause demand to increase in the long run.

If the market price is $5 and you are currently producing at a level where average total cost is $3 and falling, you should:

A. produce until the average total cost and average revenue are equal. B. shut down. C. produce only enough to cover variable costs. D. produce where MR = MC.