Not enforcing property rights in an economy will
A) lower the level of investment. B) raise the level of investment.
C) not change the level of investment. D) cause the market system to work efficiently.
A
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A firm that engages in price discrimination must be able to identify the preferences of every
customer it serves. Indicate whether the statement is true or false
Suppose a firm has a variable cost function VC = 20Q with avoidable fixed cost of $50,000. For regulators, the first-best regulated price is ______; the second-best regulated price is ____.
A. $80; $480 B. $480; $105 C. $80; $105 D. $105; $80
Taxes and in-kind transfers make the distribution of income more unequal
a. True b. False
Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if ?=0.25 then growth of output can be estimated to be:
A. 4.25%. B. 4.00%. C. 6.00%. D. 4.75%.