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Only about 10% of viewers of public television (such as the Public Broadcasting Service (PBS) in the U.S.) make contributions to public television stations. Yet Congress approves budgets that subsidize public television. Why would the typical voter/taxpayer contribute nothing to public television, yet simultaneously want more tax money given to public television?
The U.S. government has a legal monopoly on the printing of U.S. currency. For the sake of this question, suppose the government decides to relinquish its monopoly—the Department of Justice will “break up” the federal government’s monopoly on U.S. cu..
For the following cash flow, compute the interest rate at which the $240 cost is equivalent to the subsequent benefits.
Suppose a company produces $5M worth of output and has sales of $2M each to domestic and foreign customers. It imports $1 M worth of raw material, pays its workers $3M in wages, pays its creditors $2M in interest, and has minus $1M in profits for its..
Check all of the following that characterize the supervision provided at your center or workplace most of the time: Provides support and helpful feedback. __ Hard to please __ Unavailable. _____ Conducts fair evaluations of staff
Is this projected outcome consistent with the law of demand? What is the price elasticity of demand associated with this pricing decision? Should you increase the price?
Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following?
Both antritrust policy and industrial regulation deal with monopoly. Illustrate what distinguishes the two approaches. how does government decide to use one form of remedy rather than the other.
This is the conclusion reached by the reporter who covered the vigorous price competition between Borders also Barnes & Noble in Fort Worth region during the 2006 holiday shopping season.
Quigley Inc. is considering two financial plans for the coming year. Management expects sales to be $301,770, operating costs to be $266,545, assets to be $200,000, and its tax rate to be 35%. Under Plan A it would use 25% debt and 75% common equity.
What is the minimum efficient scale of production? What are economies of scale and diseconomies of scale? What factors cause these economies or diseconomies. Explain the concept of the learning curve and its importance for a firm.
Suppose the US demand curve for gasoline shifts rightward, and the U.S. supply curve for gasoline remains unchanged. As a result, the price of gasoline increases by 9 percent, and the equilibrium quantity increases by 3 percent. Which of the followin..
Let the market demand and market supply curves are given by the following equations: Find out the equilibrium price and quantity in the market? If due to technological progress supply curve shifts by 100 percent, what would be the new equilibrium pri..
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