In order to implement average cost pricing regulation, it is necessary to provide a natural monopolist with a subsidy equal to the economic loss
a. True
b. False
Indicate whether the statement is true or false
False
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According to new growth theory, the primary source of growth is capital.
Answer the following statement true (T) or false (F)
The most important influence on the marginal revenue product schedule for computer software engineers would be a change in
A. their productivity. B. a change in the price of laser printers. C. a change in the demand for computer software. D. a change in the quantity of capital available to produce computer software.
FDA approval is ________ if the increase in costs to patients (including the increase in deaths) is equal to the increase in benefits due to more rapid approval.
A. too stringent B. too lax C. just right
Assume MUX = 30 utils, MUY = 15 utils, PX = $2, and PY = $0.50 . This consumer:
a. should buy less of X and less of Y. b. is in equilibrium. c. should buy more of X and less of Y. d. should buy less of X and more of Y. e. should buy more of X and more of Y.