A subsidy
A. has the same impact on a market as a tax.
B. has a larger impact on a market than a tax of the same amount.
C. has a smaller impact on a market than a tax of the same amount.
D. is the reverse of a tax.
D. is the reverse of a tax.
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How is total revenue calculated? If a firm sells 350 units of a product at a price of $8 each, what is the firm's total revenue?
What will be an ideal response?
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
A defendant believes there is a 70 percent chance that the plaintiff will win $200,000, a 10 percent chance the plaintiff will win $150,000 and a 20 percent chance the plaintiff will lose and receive nothing (zero). If the defendant's litigation cost is $100,000, what is the defendant's expected loss from the litigation?
A) $150,000 B) $255,000 C) $300,000 D) $155,000
Consider an economy made up of 100 people sixteen years of age and older, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the labor force is _____
a. 30 b. 60 c. 85 d. 90 e. 70