Economists assume consumers select a bundle of goods that maximizes their well-being subject to

What type of spillovers do the United States and the European Union governments believe are associated with their domestic solar panel production?

a. consumption spillovers b. heating spillovers c. electricity spillovers d. knowledge spillovers

For a monopsony buyer of an input, the marginal expenditure curve

A) lies above the average expenditure curve. B) lies below the average expenditure curve. C) is identical to the average expenditure curve. D) lies below the input demand curve.