Business, 09.12.2019 20:31 LoveSchool5617
Suppose that your state is considering a law that would force all monopolies to charge no more than their average total costs (atc) of production. which of the following statements correctly explains to your legislator the pros and cons of this approach? instructions: you may select more than one answer. click the box with a check mark for correct answers and click to empty the box for the wrong answers. a. pro: this will reduce deadweight loss by increasing production quantity. b. unchecked con: the monopolist will have an incentive to overstate costs. c. unchecked pro: the monopolist will have an incentive to lower costs. d. unchecked con: consumer surplus is reduced as producers will increase production and increase price. e. unchecked pro: this will increase the profit earned by the monopolist. f. unchecked con: it is very hard to accurately determine what atc truly is. unchecked
Answers: 1
Business, 21.06.2019 14:00
Identifying type and normal balances of accounts lo c4 for each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the normal balance of the account, and (3) select debit (dr.) or credit (cr.) to identify the kind of entry that would increase the account balance.
Answers: 1
Business, 22.06.2019 00:40
Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?
Answers: 3
Business, 22.06.2019 10:00
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a
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Business, 22.06.2019 17:30
Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery.can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.
Answers: 2
Suppose that your state is considering a law that would force all monopolies to charge no more than...
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