Yvette's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Yvette's very tiny kitchen has barely enough room for the two ovens in which her workers bake the pizzas. Yvette signed a lease obligating her to pay the rent for the two ovens for the next year. Because of this, and because Yvette's kitchen cannot fit more than two ovens, Yvette cannot change the number of ovens she uses in her production of pizzas in the short run.

10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration