Strict constructionism of the Constitution in the antebellum period
a. made federal funding of any project passing through several states illegal.
b. held the federal government to only a few transportation projects.
c. opened the door to federal domination of transportation projects.
d. caused earlier federal plans of transportation expansion to be completed by a mix of state, local and private enterprise.
e. Both b and d are correct.
e. Both b and d are correct.
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One reason regulators push for higher prices in an industry is to
A. prevent excess profits in the industry. B. protect the public from excessively low prices. C. encourage usage of the good or service. D. protect against the demise of existing firms.
There is no way that externalities can be corrected.
Answer the following statement true (T) or false (F)
Demand
What will be an ideal response?
A profit-maximizing, monopolistically competitive car wash washes 40 cars per day, and its total cost $200 and currently makes an economic profit of $280. In the long run, everything else equal, the
A. car wash will charge more than $12 per wash. B. car wash will wash more than 50 cars per day. C. car wash will need to hire new workers to wash more cars. D. car wash will wash less than 40 cars per day.