The electric utility industry became a target for deregulation when
A. The marginal costs for power plants increased considerably.
B. Local utility companies began behaving like monopolies.
C. Advances in transmission technology made it possible to move electricity across state lines.
D. The cost of constructing nuclear power plants declined.
Answer: C
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The table above shows the demand and costs for a single-price monopolist. The firm can maximize its profit by selling
A) 0 units. B) 20 units. C) 40 units. D) 60 units.
If the CPI was 180 at the end of 2007, and 216 at the end of 2008, the inflation rate in 2008 was
A) 216 percent. B) 36 percent. C) 18 percent. D) 20 percent. E) 16.67 percent.
When an economy is temporarily operating at an output that is beyond its full-employment rate, which of the following is true?
What will be an ideal response?
Which of the following is NOT an attempt to evade rent controls?
A) make life unpleasant for tenants B) require tenants to get furniture from the landlord C) subletting D) using the courts to challenge the sublease of a tenant