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ABRID(https://abrid.alabama.gov/home/about-us/) , or the Alabama Board for Registered Interior Designers, provides "public protection through examination and Certification" of interior designers in the state of Alabama. To become a registered interior designer in Alabama, applicants must fill out forms, submit a $300 application fee, provide proof of citizenship, a resume, and college transcripts. They must also be certified with the Council for Interior Design Qualification, which involves passing an exam and paying a fee of several hundred dollars. After this, there is an annual $160 license renewal fee.
The website says that using a registered interior designer "is an integral part of a successful project." Presumably, the ABRID would argue that its registration process protects consumers; given the information presented this week, aside from ensuring high quality interior design, why else might existing interior designers find it in their interest to protect the registration system? What side effects might the (one-time and annual) fees, training, and exam introduce into the interior designer market?
A brewery is considering two potential production investments.
Imagine that Canada, the United States, and Mexico decide to adopt a fixed exchange rate system. What would be the likely consequences of such a system for (a) international businesses, and (b) the flow of trade and investment among the three countri..
Only when a fair red dice is rolled more than 4 then a coin is flipped, if the coin flips a head, then a fair blue dice is rolled.
Assume a monopolist faces a market demand curve P ?= 100 -? 2Q and has the short-run total cost function C= 640+ 20Q. What is the profit-maximizing level of output? What are profits?
We found GDP in 2010 was roughly $15,000 billion. You learned in Chapter 1 that GDP fell by approximately 3 percentage points in 2009. Use the simplest model of fiscal policy from Chapter 3 to answer the following. How many billion dollars did GDP fa..
Because that legalization would in some sense bring an entirely new market segment into thelegal market arena, why or why not would you have a high degree of confidence in your change in usage estimate based on that elasticity?
Now she wants to pay off the remaining installments in one lump sum (at the end of 12 months). How much does she owe the furniture store?
If I have already found the standard error of a sampling distribution, how can I find the probability that a sample
Bring an example of production. (Any production in any industry) And clearly state which costs do you think will be fixed costs and which ones will be variable costs? Explain Also explain the explicit and implicit costs of the business? Explain
Your firm’s research department has estimated your total revenues to be R(Q) = 600Q – 4Q2 and your total costs to be 60 + 2Q2. (Note that MB = 600 - 8Q and MC = 4Q). What level of Q maximized net benefits? What is marginal benefit at this level of Q?
Outsourcing refers to the process in which:? a. ? workers of a particular country seek employment in a firm of a foreign country. b. a firm hires laborers from a foreign market. c. a firm purchases service from another firm in another country. d. ?th..
Is this enough information to classify the industry as an oligopoly? Is a high concentration ratio evidence that an industry is not competitive?
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