Question 68 1 pts Figure 2-5 Baseball 30 60 90 120 150 180 210 240 270 300 330 dananas Refer to Figure 2-5. The opportunity cost of this economy moving from point A to point Cis zero. 75 baseballs. 125 baseballs. 125 baseballs and 240 bananas, 240 bananas. Question 69 1 pts Figure 2-5 ലകൾ 30 60 90 120 150 180 210 240 270 300 330 SONARA Refer to Figure 2-5. If this economy moves from point A to point B, then which of the following statements is correct? This economy has moved from a point of inefficient production to a point of efficient production. This economy has experienced economic growth. This economy has experienced an increase in employment This economy has moved from a point of efficient production to a point of inefficient production None of the above is correct. Question 70 1 pts Suppose that smoking creates a negative externality. If the government imposes a per-cigarette tax equal to the per-cigarette externality, then the after-tax equilibrium quantity of cigarettes smoked will be less than the socially optimal quantity of cigarettes smoked. the after-tax equilibrium quantity of cigarettes smoked will be greater than the socially optimal quantity of cigarettes smoked. the after-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. the before-tax equilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. There is not enough information to answer the question. Question 71 1 pts Figure 15-1 Costs ATC Praxtity Refer to Figure 15-1. Considering the relationship between average total cost and marginal cost, the marginal cost curve for this firm must lie entirely above the average total cost curve. must lie entirely below the average total cost curve. must lie entirely above the average variable cost curve. must be upward sloping. does not exist. Question 72 1 pts Figure 15-1 Refer to Figure 15-1. The shape of the average total cost curve reveals information about the nature of the barrier to entry that might exist in a monopoly market. Which of the following monopoly types best coincides with the figure? ownership of a key resource by a single firm natural monopoly government-created monopoly a patent or copyright monopoly a price discriminating monopoly

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