In the figure above, if the government provides a subsidy to colleges of $6,000 per student per year, what is the tuition?
A) $10,000 per year
B) $12,000 per year
C) $8,000 per year
D) $6,000 per year
C
Economics
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To two hunters, a deer running in a forest is
A) nonrival and nonexcludable. B) nonrival and excludable. C) rival and nonexcludable. D) rival and excludable.
Economics
Which of the following is a disadvantage of trademarking a firm's product?
A) A trademark may become so widely used to denote a particular type of product that the trademark may no longer be a legally protected brand name. B) A trademark conveys information about the product to the public. C) A trademark differentiates a firm's product. D) A trademark does not affect demand for the firm's product.
Economics