The figure above shows the market for a good with an external benefit. If the market is competitive and the government takes no action, the equilibrium quantity is ________ units and the equilibrium price is ________ per unit

Which of the following exchange rate systems have a legislative commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate?

a. Gold standard b. Gold exchange standard c. Crawling band d. Horizontal band e. Currency board

At a firm's current output level of 200 units per week, it has 10 employees at a weekly wage of $500 each. Raw materials, which are ordered and delivered daily, cost $1,000 per week. The weekly cost of the firm's capital is $1,250 . Which of the following statements is correct?

a. Total variable cost is $5,000 . total fixed cost is $2,250; total cost is $7,250. b. Total variable cost is $6,000 . total fixed cost is $1,250; total cost is $7,250. c. Total variable cost is $1,250; total fixed cost is $6,000 . total cost is $7,250. d. Total variable cost is $2,250; total fixed cost is $500; total cost is $2,750. e. Total variable cost is $1,500; total fixed cost is $1,250; total cost is $2,750.