If the net benefit of Project A is $5 and that of Project B is $8, switching from Project A to Project B:
A) reduces the net benefit by $3.
B) increases the net benefit by $3.
C) increases the net benefit by $8.
D) decreases the net benefit by $8.
B
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An adverse oil price increase will shift the short-run aggregate supply curve:
A) leftward. B) rightward. C) will not shift. D) none of the above.
Which of the following is the best explanation of why a lack of information is a problem when the government wants to impose price regulation on a monopolist?
a. the government does not have information about which firms are monopolies. b. firms that are monopolies do not have information about their level of profit or about potential competition. c. consumers do not have information about which firms are competitive and which firms are monopolies. d. regulators do not have information about the demand and marginal costs of the firms that they regulate.