The noise from the low altitude combat training the Air Force conducts over the Yippy I-O Ranch causes the ranch's cattle to lose weight. Which of the following actions is not consistent with recognition that the Yippy I-O has a property right to its skies?
a. The Air Force equips its planes with mufflers

b. The Air Force compensates the Yippy I-O for the value of the lost weight.
c. The ranch compensates the Air Force for the cost of moving the exercises to another location.
d. The Air Force pays for cow earplugs for the ranch herd.


c

Economics

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If a firm can influence the market price of the good it sells, then it is said to have __________

Fill in the blank(s) with correct word

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Based on the graph for the relationship between elasticity of the demand and total revenue, total revenue is maximized ______.



a. when demand is unit elastic
b. when marginal revenue is increasing
c. when marginal revenue is maximized
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Economics

You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's cost function is C = 50 + 3Q2. Your firm's maximum profits are:

A. 450. B. 250. C. 400. D. 500.

Economics