Which of the following statements is not correct?

a. A free rider is a person who benefits from something for which he or she does not have to pay.
b. The creation of general knowledge is a public good.
c. The Tragedy of the Commons illustrates the underuse of a common resource.
d. A gasoline tax is an imperfect solution to the problem of traffic congestion on public roads.

c

Economics

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If an average cost pricing rule is imposed on the firm in the figure above, the firm will produce

A) 5 units. B) 20 units. C) 30 units. D) 40 units.

Economics

When income rises, total expenditures remain constant

a. True b. False Indicate whether the statement is true or false

Economics