If a competitive firm experiences a shift in costs of production that decreases marginal costs at all levels of output,

If pollutants are emitted into the air and water, what costs might be incurred as a result?

Government has a variety of policies that allow inventors to _____________________, such as the granting patents and _____________________.

Refer to the table below. If the information pertains to the demand curve and the long run average cost curve for an electric company that is a natural monopoly, then what quantity will be produced in this market?  Price Quantity Demanded LRAC $12 100 $6.00 $10 200 $5.50 $8 300 $5.33 $7 400 $5.50 $6 500 $6.00

During a severe recession, the government issued food stamps that could only be used to acquire food to a greater number of families. The budget line graph shows food on the horizontal axis and everything else on the vertical axis. The government expects that issuing the food stamps will cause each family’s budget constraint line to:

A drug company is deciding how much to invest in Research and Development into finding a cure for diabetes. The table below shows the company’s demand for financial capital for R&D based on its expected rates of return from selling the cure. Every investment provides an additional 4% social return: that is, an investment that pays at least a 5% return to the drug company will create at least a 9% return for society as a whole. Estimated Rate of Return_____________________ Value of R&D Projects That Provide at Least This High a Private Rate of Return to the Drug Company (measured in millions of dollars) 10%     $2209%       $2288%       $2387%       $2506%       $2645%       $2804%       $2983%       $308 If the opportunity cost of financial capital for the drug company is 7%, the drug company will invest          in R&D if it receives only the private benefits of this investment.

Janie works for an accounting firm. Her wage increased from $30 per hour to $40 per hour. She can work up to 50 hours each week. The table below shows her utility from different levels of leisure and income. Before her raise, if Janie decreases her hours of work from 30 to 20 hours per week, the marginal utility gain from having more leisure is:  Hours of Leisure Total Utility from Leisure Income Total Utility from Income 0 0 0 0 10 29 300 40 20 54 400 72 30 75 600 96 40 86 800 108 50 92 900 116     1200 120     1500 122     1600 124     2000 125

If I’maJuiceCo. establishes a bottling plant in Delaware, it will most likely

If U.S. immigration consists of mainly low-skilled workers, then an increase in immigration_____________________ the wages of low-skilled workers.

Approximately what percentage of the US labor force is employed by firms that have fewer than 100 employees?