Refer to Figure 5.7. Had the demand for pumpkins been perfectly inelastic at Point A, the amount store owners would have received per pumpkin after the imposition and payment of this tax would have been

A) $3.00.
B) $5.50.
C) $7.25.
D) $8.50.

A potential ethical problem noted with executive coaching is that an executive might become too dependent upon the coach for making decisions.

The optimum level of pollution emissions:

A) is zero.
B) occurs where the marginal external benefit is zero.
C) occurs where no damage to the environment is being done.
D) occurs where the marginal external benefit equals the marginal external cost.
E) occurs where the marginal external cost equals the marginal cost of abatement.