The indifference principle states that
a. If an asset is mobile, then in the long run, it will be indifferent about where it is used
b. In the long run, a mobile asset will make the same profit, no matter where it goes
c. If an asset is mobile, then in the long run, it would stay with the first user
d. Only A&B
d
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The supply and demand schedules for dozens of roses are given below: Price__ Quantity S per period__ Quantity D per period $10________ 200_______________ 500 $20________ 300_______________ 450 $30________ 400_______________ 400 $40________ 500_______________ 350 $50________ 600_______________ 300 The equilibrium price for a dozen roses is
A) $30. B) $50. C) $20. D) $10. E) $40.
The demand curve for a public good is also called the
A) total social benefit curve. B) total welfare curve. C) total willingness-to-pay curve. D) marginal social benefit curve.