A common resource is best described as a resource where
A) there is a positive externality in consumption.
B) there is a negative externality in consumption.
C) there is a positive externality in production.
D) there is a negative externality in production.
B
Economics
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A craft union is a union of workers in
a. the same firm b. the same industry c. the same skilled profession d. different skilled professions e. different trades
Economics
Sally runs a hair styling salon. Sally is a profit-maximizing owner whose firm operates in a competitive market. The marginal cost of a haircut is $15 . What is the maximum wage that Sally will pay her stylists?
a. less than $15 per haircut b. $15 per haircut c. more than $15 haircut d. There is insufficient information to answer this question.
Economics