Rate of return regulation is equivalent to
A) average cost pricing rule.
B) marginal cost pricing rule.
C) maximizing consumer surplus.
D) maximizing producer surplus.
A
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During the 2008 financial crisis, it became:
A. easier for individuals but harder for businesses to obtain loans. B. harder for individuals but easier for businesses to obtain loans. C. harder for both individuals and businesses to obtain loans. D. easier for both individuals and businesses to obtain loans.
The above table shows the short-run total product schedule for the campus book store. When the fifth employee is hired, the marginal product is ________ and is ________ the average product
A) increasing; greater than B) increasing; less than C) decreasing; greater than D) decreasing; less than
In which of these situations would the Coase theorem be MOST likely to work?
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The supply curve of truck drivers is upward sloping and demand curve is downward sloping. A reduction in the price of hauling freight by truck relative to the price of hauling freight by rail will ____ the equilibrium wage of truck drivers and ____ the number of drivers employed
a. decrease; decrease b. decrease; increase c. increase; decrease d. increase; increase