Refer to Figure 3-2. A decrease in the number of firms in the market would be represented by a movement from

In Figure 3-4 above, the marginal propensity to consume is

A) 500. B) 2.5. C) 0.6. D) 0.4. E) 1.5.

According to the Coase theorem, there will be an efficient solution to the problem of toxic waste: a. if the creator of the toxic waste is assigned the property right and the bargaining costs are high. b. if the victim of toxic waste is assigned the property right and the bargaining costs are high. c. regardless of which party is assigned the property right if bargaining costs are small

d. if the property rights are shared equally between the creator and the victim of the toxic waste.