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1. From the questions and answer above, what do you conclude in general about the advantages and disadvantages of price control laws that set price ceilings and price floors for any and all goods and services?
1.If an industry regulator adopts an RPI X formula for price regulation, is it desirable that the value of X should be adjusted as soon as cost conditions change?
How does the theory of efficient production apply to managers of government bureaus or departments that are not run for profit How about nonprofit clubs that collect just enough dues from their members to cover the cost of operation
How much will you choose to produce? What is your expected profit? Is it an advantage or a disadvantage to move first? Explain.
Use the concepts of economies and diseconomies of scale to describe the shape the companies long run ATC curve. Determine the concept of minimum efficient scale?
Using ISLM analysis, explain what would cause the aggregate demand curve to be steep.
1.What are the potential costs and benefits of mergers to (a) shareholders; (b) managers; (c) customers?
Use the following data to answer the questions given below; Calculate the profit-maximizing level of output and price if the company sells all of its tickets at one price.
1.Distinguish between proportional, progressive and regressive taxation. Could a progressive tax have a constant marginal rate?
Is the Jones Company using an optimal mix of labor and capital to produce its current output? If not, should it use more capital or labor? Explain.
What exactly is pluralism, ethnicity, and the concept of 'social construction of ethnicity?
There is only one possible plant size for this operation; thus SRMC = LRMC = 4Q in this problem. Derive and graph the firm's short-run and long-run supply curves (on separate graphs).
Describe critically growth maximisation model of morris - Grade Level : Post Graduate Level
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