In the absence of government intervention, the marginal social cost of pollution abatement would equal its marginal social benefit
a. True
b. False
B
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If Cruise the World is in tacit collusion with three smaller cruise firms and Cruise the World consistently makes price changes that the other three firms then also make, this is an example of ________ by Cruise the World.
A) a precommitment B) price leadership C) a meet-the-competition clause D) a meet-or-release clause
Car manufacturers who use robots to do certain jobs on the assembly line are trying to increase supply by
a. lowering input costs b. taking advantage of government regulation c. applying new technology d. increasing the number of producers
The grade distribution in this class will fit a bell curve as shown below. src="https://sciemce.com/media/4/ppg__rrrr0821190959__f1q42g2.jpg" alt="" style="vertical-align: 0.0px;" height="253" width="427" />
What will be an ideal response?
You have no knowledge of what your ability level is relative to the other students and you have no idea how hard the test will be for you. You could fall anywhere on the distribution as far as you know at this time. Now your professor makes you an offer. You have the opportunity to alter the grading brackets to make them anything you want. The only constraint is that the overall class GPA must not change from the 2.0 that is the present distribution. Sketch on the graph below your optimal distribution given these constraints and explain why you made any changes.
Explain why a firm's shut-down decision does not incorporate the fixed costs of the production facility.
What will be an ideal response?