Answer: c). decreases by $1.80
Explanation: Economic surplus is the sum of consumer surplus and producer surplus. When the marginal benefit is less than marginal cost, producing one more unit will lower the economic surplus by and amount equal to the difference between marginal benefit and marginal cost.
Therefore, economic surplus decreases by $1.80, which is option c.
Answer:
creativity
Explanation:
i'm in art design and my teacher always pushes for creativity and neatness
The answer you are looking for is c
Answer:
social welfare spending (education, hospitals, housing, schools, etc.).
Explanation:
This quote deals with the problem of the ever increasing cost of national defense versus the welfare of the citizens. The US spends more money on national defense than any other country in the world, around 37% of the total military budget of the world. It also represents 15% of the total federal budget and almost half of all discretionary spending.
That is a lot of money to be distributed among a small number of private firms. Usually Republicans tend to favor a large army, but Democrats never lower their budget either. The largest military contractors are Lockheed Martin, Boeing and Raytheon. They are all located in blue states, actually Maryland currently has a Republican governor but both their senators are democrats as well as most of the representatives. Boeing has its headquarters in Washington State and Raytheon in Massachusetts. These aren't blue states, they are indigo states.
But as the military budget increases and the power of military contractors also increases, who will dare to stop them. Military spending is much higher than welfare spending, even if you throw in Medicaid into the equation ($1.6 trillion vs $1 trillion).
The question really is, are guns more important than the well being of our citizens? I guess it depends who you ask.
Answer:
In 2012, she earned $27.00 per hour, the price of a paperback novel was $9.00, and the price of a mandarin was $3.00. Which of the following give the nominal value of a variable? Check all that apply.
- <u>The price of a mandarin is $3.00 in 2012.</u>
Nominal values are expressed in terms of current money. real variables are represented in terms of other goods or services.
Which of the following give the real value of a variable? Check all that apply.
- <u>The price of a paperback novel is 3 mandarins in 2012.</u>
Nominal values are expressed in terms of current money. real variables are represented in terms of other goods or services.
Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Eleanor's wage has risen to $54.00 per hour. The price of a paperback novel is $18.00 and the price of a mandarin is $6.00. In 2017, the relative price of a paperback novel is <u>still 3 mandarins</u>.
Between 2012 and 2017, the nominal value of Eleanor's wage <u>doubled</u>, and the real value of her wage <u>remained constant</u>.
Monetary neutrality is the proposition that a change in the money supply <u>affects</u> nominal variables and <u>does not affect</u> real variables.
