Which regulatory cost is borne by the firms that are regulated?
A. Administrative costs.
B. Compliance costs.
C. Subsidy costs.
D. Efficiency costs.
Answer: B
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There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season tickets since 1960. There are about 80,000 people on the waiting list to buy season tickets in 2015
If the Packers raised ticket prices, the A) demand for Packers tickets decreases. B) demand curve for Packers tickets shifts leftward. C) demand curve for Packers tickets shifts rightward. D) the quantity demanded of Packers tickets decreases.
Exhibit 8-1 Monopolist's demand curve
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In Exhibit 8-1, the marginal revenue curve corresponding to the monopolist's demand curve would be a straight line drawn between points:
A. A to B. B. A to D. C. C to B. D. C to D.
Which of the following is most likely an inferior good?
A. Nike running shoes. B. Generic canned food. C. Rolex watches. D. A custom-built mansion.
Recall the Application about the effects of increasing state level Earned Income Tax Credit (EITC) on child health in the United States to answer the following question(s).Recall the Application. Earned Income Tax Credit improves child health because:
A. it increases employment and hence, health benefits. B. it increases income resulting in higher health expenditures. C. it forces children to work so they can get health insurance. D. it increases employment and hence, health benefits and it increases income resulting in higher health expenditures are both correct.