A socially-optimal price regulation will NOT work if:
A) marginal cost is less than average total cost.
B) marginal cost is less than average fixed cost.
C) marginal cost is greater than average total cost.
D) marginal cost is greater than average fixed cost.
A
Economics
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Currently, when a consumer purchases a "green" automobile, the U.S. government gives the consumer a rebate. When the rebate program expires, we would expect
A) producer surplus to increase. B) consumer surplus to drop. C) consumer surplus to remain unchanged, since they pay the price and only get the rebate later. D) producers to stop making "green" automobiles.
Economics
Cyclical unemployment is the result of the business cycle
a. True b. False Indicate whether the statement is true or false
Economics