In 2013, the U.S. GDP was approximately
A) $16.79 trillion.
B) $5.15 trillion.
C) $10.67 trillion.
D) ?$890.22 billion.
E) ?$25.30 trillion.
A
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Why is a guaranteed-income program based on the principle of selectivity?
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. What is Kate's marginal revenue function?
A. MR = 100 - 0.005QK - 0.01QA B. MR = 100 - 0.005QA - 0.005QK C. MR = 100 - 0.005QA - 0.01QK D. MR = 100 - 0.005QK - 0.005QA
Which of the following product pairs would NOT be good candidates for price discrimination through tying?
A) Razors and razor blades B) Ink-jet printers and ink cartridges C) Pencils and paper D) Cellular telephones and cell phone service
Explain the "too big to fail" doctrine