Which of the following best exemplifies a deadweight cost?
A) Eating something in a restaurant you don't really want because you have already paid for it.
B) Paying for something in a restaurant but not eating it.
C) Refusing dessert in a restaurant although it is included in the price of the meal.
D) Tipping the waiter even though he gave slow, surly, and inattentive service.
E) Waiting twenty minutes for a table to become available in a restaurant.
E
Economics
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Refer to the above data. How many units of the two products will the consumer purchase?
A) 3 of L and none of M B) 4 of L and 2 of M C) 3 of L and 5 of M D) 2 of L and 3 of M
Economics
Free markets can:
a. prouduce goods and services with maximum efficiency b. solve unemployment c. protect the environment d. all of these
Economics