Refer to the above figure. At a price of $6, excess quantity supplied equals
A. 15.
B. 12.
C. 0.
D. infinity.
Answer: C
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Drug trafficking leads to
A. a net outflow of money from the United States. B. a net inflow of money into the United States. C. no net outflow or net inflow.
Two firms, Acme and FirmCo, have access to five production processes, each of which has a different cost and gives off a different amount of pollution. The daily costs of the processes and the corresponding number of tons of smoke emitted are shown in the table below.Process(smoke/day) A(10 tons/day) B(8 tons/day) C(6 tons/day) D(4 ton/day) E(2 tons/day) Cost to Acme ($/day) $750$800$1,000$1,400$2,000 Cost to FirmCo ($/day) $500$750$1,200$2,200 $4,000If pollution is unregulated, the two firms will produce using process ________, and a total of ________ tons of smoke will be emitted each day.
A. C; 12 B. D; 4 C. A; 20 D. B; 16