Which of the three stages of economic analysis would include consideration of how each individual's actions affect the options available to others?
a. The first.
b. The second.
c. The third.
d. None, this is not part of economic analysis.
c. The third.
Economics
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Suppose that the own-price elasticity for Ragu spaghetti sauce is -1.25. Which of the following is (are) true?
A) The demand for Ragu spaghetti sauce is unitary elastic. B) A 10% decrease in price leads to an 8% increase in quantity demanded. C) A 4% increase in price leads to a 5% decrease in quantity demanded. D) None of the above.
Economics
In the multiple-polluter case, each firm faced with an emission charge imposed as a marginal tax (MT) abates as long as
a. its MAC
Economics