The figure above shows the market for college education. The efficient quantity of education is
A) 0 students.
B) 4 million students.
C) 6 million students.
D) more than 6 million students.
E) more than 4 million students and less than 6 million students.
C
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Joe spends $72 on gasoline and sandwiches. The price of a gallon of gasoline is $3 and a sandwich is $4
Placing the quantity of sandwiches on the left side, what is Joe's budget equation? If sandwiches are measured on the vertical axis, what is the slope of Joe's budget line?
Why does the United States regulate automobile manufacturing in so many ways?
(A) To protect the consumer from Japanese and European automobiles. (B) To keep the price of U.S. automobiles competitive with others. (C) To offset the air pollution caused by automobiles. (D) To keep the manufacturers of U.S. automobiles from gaining too much of the market.