The typical short-run production function is incapable of distinguishing among the different types of labor that might be hired by the firm

The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. A $1 per unit tariff has the same effect on producer and consumer surplus as a quota of

A) 25 units. B) 30 units. C) 35 units. D) 65 units.

Graphically, the effect of a government subsidy on a good is shown as

A) a leftward shift of the market demand curve. B) a rightward shift of the market demand curve. C) a downward movement along the market demand curve. D) no change to the market demand curve.