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In the context of the single-factor model, which of the following is a cyclical stock?

The indifference curves above show us that Alya’s indifferent between having (15 slices of pizza, 5 cans of coke) and

Suppose that the price of a can of coke increases from $2 to $4, income is $40 and price of a slice of pizza is $2. Alya’s budget constraint is given in the graph above and you will need to identify the correct one. The new optimal consumption bundle is given by ___,

The above graph illustrates the supply and demand for widgets in Econland, where instead Widgets can be obtained in world markets at a price PWorld = R as illustrated.  Suppose initially Econland is in autarky.  Then it opens to free trade with the rest of the world.

A monopolist faces the market environment illustrated below. Use the following graph to answer questions 34 – 37.

Relative to autarky, free trade results in a change in Econland domestic consumer surplus equal to

The slope of the budget constraint represents the ___ while the slope of the indifference curve represents the ___:

The long-run price PLR is

What is Sonya’s optimal consumption bundle? Again, assume that Sonya’s income level is $90, the per unit price of fish nuggets is $6, and the per unit price of soda is $3.

Public goods and common resources are both ___ goods and the difference is that public goods are ___ goods and common resources are _____ goods.