Refer to Figure 26.1. The output that maximizes production efficiency for this firm is

The United States imposes a tariff on foreign limes. How does the tariff affect the U.S. price of a lime and the production of limes in the United States?

What will be an ideal response?

Which of the following provide benefits to society at large and not just to the person(s) who pursues it?

a. both technological knowledge that is a public good and education b. technological knowledge that is a public good, but not education c. education, but not technological knowledge that is a public good d. neither education, nor technological knowledge that is a public good