The public goods problem refers to the tendency for private individuals to provide pure public goods in less-than-socially-ideal amounts because of free riding

For the simple case of a production function with two inputs in which the inputs are perfect complements, each isoquant is represented by:

A) a vertical line. B) a horizontal line C) a downward sloping straight line. D) a line that forms a right angle.

The tax-exempt status of municipal bonds implies that, for private firms

A) the user cost of capital will be higher than otherwise. B) the user cost of capital will be lower than otherwise. C) the marginal product of capital will be lower than otherwise. D) the accelerator will be higher than otherwise.