Which of the following does NOT contribute to an increase in productivity?
A.) Technological advances.
B.) High quality of capital.
C.) High quantity of labor.
D.) Highly skilled labor.
C.) High quantity of labor.
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Hester owns an ice cream sho
A) $2. B) $20. C) $10. D) $40. E) $4.
Everyone who is unemployed is covered and can receive benefits from unemployment insurance
Indicate whether the statement is true or false
Suppose the market demand for milk is Qd = 150 - 5P. Additionally, suppose that a dairy's variable costs are VC = 2Q2 (where Q is the number of gallons of milk produced each day), its marginal cost is MC = 4Q and there is an avoidable fixed cost of $50 per day. In the long run there is free entry into the market. Suppose the demand for milk doubles. What is the new long-run equilibrium quantity?
A. 50 B. 60 C. 100 D. 120
Discuss specific cases that lead to an increase in the concentration and market power from deregulation.
What will be an ideal response?