Environmental problems in China
A) increase pressure for decentralization of power and authority from the ruling Communist party.
B) are not recognized by local Chinese interests, but get large amounts of attention from global activists.
C) are improving at a rapid pace in Chinese urban areas.
D) are generally not an issue domestically or globally.
A
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Jonah lives in a small town where there is only one Mexican restaurant. Which of the following is likely to be true about the price elasticity of demand for meals at the Mexican restaurant?
A) Demand is likely to be perfectly elastic. B) Demand is likely to be relatively elastic. C) Demand is likely to be relatively inelastic. D) Demand is likely to be perfectly inelastic.
What are the functions for MC and AC if TC = 100q + 100 ? Are the returns to scale increasing, decreasing, or constant?
What will be an ideal response?