In the figure above, Jill is producing at point A. Jill's opportunity cost producing one pair of pants is

Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as

A) cost-of-service regulation. B) rate-of-return regulation. C) social regulation. D) monopoly regulation.

A price ceiling can often be viewed as: a. the government setting price above market equilibrium price

b. an implicit tax on producers and an implicit subsidy to consumers. c. the government setting price below market equilibrium price. d. Both b and c.