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Which of the following would be an example of something that internalizes an externality? a. smoking sections at airports b. car pool lanes c. express

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Which of the following would be an example of something that internalizes an externality? a. smoking sections at airports b. car pool lanes c. express checkout in supermarkets d. pollution taxes e. bridge tolls 12. When Asahi's sushi produced 200 sushi rolls a night, its Average Total Cost (ATC) was $2.50 per roll. When Asahi's produced too rolls a night, its ATC was $1.50 per roll. Asahis Marginal Cost (MC) must have been: a. decreasing. b. increasing c. less than ATC. d. greater than ATC. e. greater that AVC. Answer the next two questions by referring to the following table showing cost data for a firm currently operating in the short run. In the table above, what is the firm's Total Fixed cost (TFC)? a. $100 b. $200 c. $150 d. $250 e. $300 In the table above, what is the firm's Total variable cost (TVC) when Q = 5? a. $600 b. $750 c. $800 d. $850 e. $900 Josie would have been willing to pay as much as $65 for a dress she tried on at Urban outfitters. The dress had originally been priced at $40, but was marked down, and Josie was able to purchase it for only $20! Her consumer surplus was: a. $65 b. $45 c, $40 d. $35 e, $20

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