The Massachusetts Turnpike is a state toll-road where cars and trucks pay a fee in proportion to the distance they travel and the weight of the vehicle. The road was built with federal funds in the 1960s, but the state must pay for maintenance. Given what you know about regulation, what do you think the toll charge for a particular car or truck represents?
a. the average variable cost of maintenance
b. the marginal cost of maintenance
c. the monopoly price
d. price discrimination against bus passengers
e. a lump-sum tax
B
Economics
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According to the data in the table above, real GDP per person grew at a rate of ________ between year 1 and year 2
A) 10 percent B) 0 percent C) 1 percent D) 5 percent E) 50 percent
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