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Which of the following is not an example of a barrier to entry?
A. Mighty Mitch’s Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.
B. A college student starts a part-time tutoring business.
C. A novelist obtains a copyright for her new book.
D. A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.
Discuss how the Fed affects interest rates-the process? In October of 2008, the Fed stepped in as lender of last resort, explain this action.
Recently, the Obama administration proposed a $1.00 per unit (pack) excise tax on cigarettes (which would be imposed legally or statutorily on cigarettes sellers). Using (separate) competitive supply and demand diagrams of the cigarettes market caref..
Firms 1 and 2 compete in a Cournot duopoly. If firm 2 adopts a strategy that raises firm 1's marginal cost:
Are legalized forms of gambling, such as state-operated lotteries, consistent with a continuing public policy against the enforcement of gambling contracts? Why or why not? Please discuss and support your comments using legal reasoning and terminolog..
Hurricane Katrina damaged a large number of oil refineries in the Gulf Coast, causing a large increase in crude oil prices (crude oil is a key input in producing gasoline). After the hurricane came, all consumers expected that the gasoline price woul..
All of the following could immediately or eventually lead to an outward shift of a nation's production possibilities curve, EXCEPT:
A computer-controlled milling machine will cost Ajax Manufacturing $65,000 to purchase plus $4700 to install. If the machine would have a salvage value of $6600 at EOY 20, how much could Ajax charge annually to depreciation of this equipment? Ajax us..
Analyze from an anthropological perspective the victory of Barack Obama as president of the U.S. in 2008. Does Obama’s victory indicate that the U.S. is no longer a racist country and that all ethnic groups in the society are treated equally? Is Obam..
Botulinum toxin, marketed under the brand name "Botox" is a drug that paralyzes muscles into which it is injected. It is one of the few promising treatments for migraine headaches, which affect about 10% of the population. Migraine headaches are debi..
A investor wants to build an apartment building of 90 apartments. The MARR is 8%. The construction of the building will last 3 years with distributed cost for a total amount of 9 million $. The land cost 10 million $. What is the actualised payback p..
Discuss the role and the effect of reputation on cooperative behavior by selfish individuals. Discuss the biological reason for cooperative behavior with relatives.
An increase in the market price of men's haircuts, from $15per haircut to $25 per haircut, initially causes a local barbershop to have its employees work over time to increase the number of daily haircuts provided from 35 to 45. What is the short-run..
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