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On June 14, 2011, the Delaware Senate approved a gun buyback program. The yearlong program would authorize the state to pay $100 for every gun turned over to police. What sort of guns should Delaware officials expect to get if this plan becomes law?
A) Small guns, usually used as self-defense in bad neighborhoods.
B) Heavy guns, usually used by criminals to support their illegal enterprises.
C) Nonworking guns, usually kept in someone's back closet.
D) Guns that use a lot of bullets very quickly.
A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses. How should the student allocate her time?..
A small fitness center that offers only personal training services has the following demand and cost parameters: Demand: The fitness center has found that it has some discretion in pricing¬¬—that is, it can raise price marginally without drastic redu..
Explain carefully how oligopolies can use product differentiation strategies to increase barriers to entry. Consider both brand name creation and product line proliferation strategies.
The dead weight loss (owing to a price ceiling) increases as demand becomes more ______ and supply becomes more ______.
Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever any reasons to support such trade restrictions?
Which one of these factors plays a role in determining the extent and duration of frictional unemployment?
If a firm in the industry wishes to increase total sales revenue (ignoring cost considerations), will it raise or lower its selling price? Why? What happens to the demand for beer if the price of soda falls by 2%? Explain your answer. What happens to..
It would cost the town of Irondale $50 million to build a gas powered generator that would produce a maximum of 5 megawatts of electricity at 15 cents per hour. Another alternative would be for Irondale to build a $100 million coal=fired generator th..
If the economy goes into a recession, we can expect:
distinguishing feature of monopoly. average revenue (For a monopolist) is. true of the profit earned by a monopilist. Which of the following factors explain the difference in long-run profits earned by a monopolist and a perfectly competitive firm
q1. a good example of an oligopoly market structure is the airline industry. there are not many airlines in the
I know that the answer will be somehow related to the amount of marginal sales per day, but dont know how exactly to determine the allocation.
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