Reference no: EM13156704
1-national parks are typically considered to be common national resources. Since each national park has a gated entrance, does it fit the accepted definition of a common resource? Carefully explain your answer.
2-Describe the fundamental difference between short-run analysis and long-run analysis of the cost structure of a firm.
3-give at least two examples of industries that practice price discrimination, and describe their pricing practices.
4-Describe the purpose of antitrust laws. What do they accomplish?
5-Define in-kind transfers. What do advocates of cash payments consider in-kindtransfers
6-Describe why a consumer who chooses a consumption bundle in which the relative price exceeds the marginal rate of substitution can't be at an optimum.
7-Indicate whether each of the following is a private good, a common resource, a natural monopoly, or a public good (according to the definition in your textbook)
A-A university campus
B.A college football game in a large stadium
C,A video rental.
8- Explain the role opportunity costs in differentiating between economic profits and accounting profits.
9-professional organizations (such as the American medical Association and the American bar association) have actively advocated regulation to restrict the right of professionals to advertise. Describe the economic incentives that might exit for incumbent professional to restrict advertising.
10-joe kelp owns a commercial fishing fleet off the coast of Alaska. As part of his business
He hires someone to captain the boats in his fleet. These workers are considered part of the crew.
In the market for fresh pacific salmon, Joe is one of thousands of fishermen. WhileJoe usually catches a signicant number of fish each years, his contribution to the entire harvest of salmon is negligible relative to the size of the market. Joe would be considered a perfect competitor in the output market. Ifso, explain why his demand curve for labor is (crew workers)is downward sloping, and his supply curve for labor is perfectly elastic at the market wage.
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Find probability that suspect is innocent
: If the suspect was selected from a group of suspects of which only 5% have ever committed a crime, and the serum indicated that is guilty what the probability that he is innocent?
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The scarlet letter
: I read the book "The Scarlet Letter" and have to do a paper proving something about the character Arthur Dimmesdale. So far for my thesis, all I have is " Arthur Dimmesdale suffering portrays him as a weak individual unworthy of the devotion of Heste..
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What is the new magnification
: A simple camera lens with focal object length fo = 9.00 cm perfectly focuses the image of an object on a photographic film located a distance 14.00 cm away from the lens.
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Magnesium and zinc were dissolved in diluted sulfuric acid
: Metals such as magnesium and zinc react with dilute sulfuric acid to give hydrogen, according to the equation: M (s) + H2SO4 (aq) -------> MSO4 (aq) + H2 (g) When 5.00 g of a mixture of powdered magnesium and zinc were dissolved in diluted sulfuri..
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Describe their pricing practices
: Describe the fundamental difference between short-run analysis and long-run analysis of the cost structure of a firm and give at least two examples of industries that practice price discrimination, and describe their pricing practices.
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Is there a difference in variances of means
: The means appear to be very close, but not the variances. At α = .05, is there a difference in variances? Show all steps clearly, including an illustration of the decision rule.
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Illustrates to the first experimental principle
: Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
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Salt in the ancient world
: I need some ideas on how to write an essay about the importance of salt in the ancient world. I don't understand why it was so important if everybody had access to the sea. How do I start writing this?
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Discuss the four components of a legally astute social media
: Discuss the four (4) components of a legally astute social media marketing manager who utilizes social media outlets for consumer transactions.
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