Laura's team can complete 15 reports and 5 presentations in a day. Albert can motivate his team to complete 12 reports in a day with 10 presentations. Suppose the boss needs 30 reports with 20 presentations completed during a particular day. Assigning the extra presentations to Laura's team would:
a. lead to an efficient outcome.
b. push the production level inside the production set.
c. enhance the production level along the production set.
d. increase the chances of achieving the target.
B
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Subsidizing firms that pollute will reduce pollution in the long run.
Answer the following statement true (T) or false (F)
In the competitive price-taker model, individual firms exert no effect on the market price. Therefore, the firm's marginal revenue curve is
a. indeterminate. b. an upward-sloping curve. c. a downward-sloping curve. d. the same as the firm's demand curve.
Which of the following statements is the most important reason that medical care markets do not fit the competitive model very well?
a. Consumers have a difficult time evaluating the quality of care. b. There are so many not-for-profit providers in the market. c. There are too many low-income consumers desiring to purchase medical care. d. Consumers have a difficult time determining prices before the transaction is completed. e. Providers find it easy to transfer their resources to other uses.
It has been argued that regulations can often be the source of innovation. Provide an example of this in the banking industry.
What will be an ideal response?