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Question: The primary arguments against net neutrality (regulation of internet ISPs like broadband/fiber like a public utilities) are: there is not enough "inter-modal" competition from wireless providers there is perfect competition in the market since deregulation, there is enough competition in the market and the threat of new entry to keep prices lower than in a natural monopoly setting -- i.e., the market is contestable internet ISPs should never be regulated for any reason
Explaining How do goods and services differ?
Which of the following utility functions are consistent with convex indifference curves and which are not?
Now, suppose you can charge an entry fee or cover charge to get in the bar. Would you set PB differently? What cover charge would you set? What profits will you earn on each customer?
Automobiles built by General Motors, Chrysler, and Ford have fallen out of favor with American consumers as evidenced by their falling market shares.
Minimum wage is a price floor. In a paragraph, discuss in how an increase in minimum way will affect the quantity demanded and supplied of labor.
According to the theory of comparative advantage, a country will export a good only if
Suppose that a consumer's preferences can be represented by the utility function u(x1, x2) = x1.9 x2.1. If their income is $100, and the prices of goods one and two are $10 each, what fraction of the consumer's income will be spent on good one
Jim Duggan made an investment of $10,000 in a savings account10 years ago. This account paid interest of 51/2% for the first 4 years and 61/2% interest.
The firm expects the income of the market to rise by 10%. Calculate the price PV should charge if it wants to maintain sales volume at its existing level
Using the total revenue equation, how many bushels of corn would you produce?
Calculate the price and quantity at which total revenue is a maximum. What is maximum revenue?
The population growth rate is 5%, the depreciation rate is 10%. Is the economy in a stable state that complies with the Golden Rule? Illustrate the situation.
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