Ceteris paribus, in the short run following a decrease in the rate of growth in aggregate demand, we would expect to see an increase in the rate of unemployment and a decrease in the rate of inflation

Based on the table above which shows Chip's costs, if rice sells for $600 a ton, Chip's profit-maximizing output is

A) less than one ton. B) between two and three tons. C) between three and four tons. D) between one and two tons.

Electricity has a negative production externality because _____

A. its marginal benefit decreases as more of it is consumed B. the marginal private cost of producing it increases as more of it is produced C. the marginal social cost of producing it exceeds the marginal private cost of producing it D. a marginal external cost lowers the marginal benefit from consuming it