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What type of laws or tools lead to an point inside the production possibilities frontier?

Select all that apply.  Which approache(s) can be used to maximize profit for a perfectly competitive firm?

Suppose the following data represent the market demand for college education: Tuition (per Year) 1000  2,000  3,000  4,000 5,000   6,000   7,000   8,000 Enrollment demanded (in millions) 16 15 14 13 12 11 10 9 If tuition is set at $3,000 and society gets an external benefit of $1,000 for every every enrolled student (for lets say, more informed voting). What is the socially optimal level of enrollments at the tuition price of $3,000? Enter your answer as a numeric value e.g. 15 no need to include any zeros

This table contains data on the social costs and benefits incurred in improving water quality in a lake. Complete the table below, what is the optimal water pollution amount of improving the water quality in a lake.  Enter you answer as a numeric value e.g. 12. Water Pollution (PPM) Total Costs Marginal Cost Total Benefits  Marginal Benefit 45 20 – 120 – 35 25 190 25 35 240 10 65 270 0 100 280  

What type of laws or tools lead to an point inside the production possibilities frontier?

Increase in the price of crude oil, increases or decreases the supply of gasoline?

In the terms of practical problems with fiscal policy ____________ lag is the elapsed time between the beginning of a recession or inflation and awareness of this occurrence and ____________ lag is the difficulty in changing policy once the problem has been recognized and the __________ lag is the time elapsed between the change in policy and its impact on the economy.

Mark all that apply.  Who is considered not in the labor force?

Select the characteristics below that most closely fit with perfect competition.

The tendency for the market to under produce public goods and overproduce private goods results from: