A private cost is a cost of production that is borne by the
A) consumer of the good.
B) producer of the good.
C) government.
D) consumer of the good and the government.
B
Economics
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Which price structure would tend to most effectively promote water conservation?
a. Uniform block structure b. Constant price structure c. Increasing block structure d. Decreasing block structure e. Marginal price structure
Economics
Which of the following occurs if firms are able to restrict output and raise price?
a. resources are misallocated b. wealth is shifted from consumers to government c. wealth is shifted from producers to consumers d. P = MC e. P = minimum LRAC
Economics