The fact that the public sidewalks are dirty while private yards are clean is an example of

Consider scientific research. Anyone can use the results of research and one persons using it doesn’t prevent anyone else from using it. What kind of good is scientific research?

Question 17-21 refer to the following graph   From the indifference curve, we see the consumer is indifferent between (18 pizzas, 2 sodas) and   

Suppose the government imposes a price floor at B. Consumer surplus with the price floor equals the area defined by which points?

A parent trying to decide between working while enrolling their child in expensive private child care and staying at home and caring for their child illustrates what economic principle?

Question 14-16 considers the market for milk. Suppose there is a 25% increase in income, what happens to the quantity demanded of milk?

For question 23-25, you are given the following data The buyers’ bid is the maximum they are will to spend for a single good and the sellers’ bid is the minimum they are willing to sell a single good for.   What is the producers surplus?

For questions 10-13, the following graph describes the market for train tickets.   What is consumer surplus when there is a $8 tax?

In a market, supply is perfectly elastic and demand is perfectly inelastic. If a tax is imposed in this market, .                  bears the entire burden of the tax and the equilibrium quantity                        .

What type of externality is illustrated by the bees’ pollination of crops?