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In each of the following examples, what are the significant differences between government-owned and nongovernment-owned enterprises? Why do you think the government owns the enterprises mentioned? What different forms does competition take inthe case of government-owned enterprises? In what different ways do they operate because of their government ownership?
A) Investor-owned utilities and utilities owned by states or municipalities.
B) State colleges and private colleges
C) City owned interurban bus companies and interurban bus companies such as Greyhound and Trail ways
D) Forest Service campgrounds and privately owned campground.
When GDP is high or increases does it indicate higher income If so when GDP per capita increases why do saving ratios decrease when savings is income induced ie a rise in income increases savings and a decrease in income decreases savings
the latest economic news was not very positive. unemployment rates were higher than expected consumer confidence had
What are the three main questions that all economic system must answer? Who answers them under a communist system? A socialist system? A capital system?
In a meeting about whether to store inventory in a company-owned warehouse or rent a warehouse, a colleague says, "We should use our own warehouse and save the cost of renting one." Do you agree or disagree? Explain
If there are diminishing returns to the variable input, will average variable cost necessarily increase with increase in output?
cloud-based computing allows businesses to store and access large amounts of data over the internet rather than on
Derive the average cost of producing 100,000, 200,000, 300,000, and 400,000 devices per year with plant A. (For outputs exceeding the capacity of a single plant, assume that more than one plant of this type is built.)
At the end of the year, you discover that the catch was low and that fish prices had increased to $5.00 per pound, but fruit prices stayed at $1.50 and meat prices had actually fallen to $2.00.
sports authority and modells sporting are engaging into the following one-shot game if sports authority advertises and
1. a. third national bank is fully loaned up with reserves of 20000 and demand deposits equal to 100000. the reserve
Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth
According to the Sleep Foundation, the average night's sleep is 6.8 hours Assume the standard deviation is .7 hours and that the probability distribution is normal.
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