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An unregulated natural monopoly can lead to all of the following except
a. a suboptimal mix of output
b. less output than society wants
c. unfair monopoly profits
d. low prices for consumers
Assume that raising the marginal income tax rate raises $200B which could be spent on infrastructure projects. Explain how would we measure the cost of the project to determine whether it is worth undertaking.
Cooke Collectibles produces fine porcelain miniatures representing famous people and historical events. To avoid production and scheduling problems, Cooke's policy is to make all copies of a figure in one production run.
q1. suppose that there are crowding-out effects and the mpc is .9. by how much must the government increase
Which of the following pricing strategies is NOT used in markets with special cost and demand structures?
Micro media offer computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micro media is currently planning a two-day seminar ..
Suppose that the monthly demand function of a particular commodity is given by P= 200 -0.4x and the supply function is P = 0.2x + 80 where x is the number of units demanded and supplied and P is in pesos. Determine the equilibrium prics and quantity
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
Calculate the Herfindahl-Hirschman Indexes for 2006 and 2011. What information does this index tell you about changes in the industry? How does this information differ from the four-firm and eight-firm indexes?
What is the total market demand for polyglue at the price established by Alchem in Part (a). How much of the total demand do the follower firms supply?
January $40,000, February $30,000, and March $50,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 80% of direct labor cost.
The advantages of cloud computing are demonstrated in the fact that software and hardware upgrades are minimized. Another advantage important to IT professionals and just about anyone that accesses data on computers is ___________.
"The American Recovery and Reinvestment Act of 2009--commonly called the "stimulus"--was designed to spur economic growth while creating new jobs and saving existing ones. Discuss the intersection of micro and macroeconomic policies this represents
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