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Administrative agencies: Select one: a. Rarely have both the power to issue regulations and the power to investigate when such regulations have been violated b. May make regulations that are advisory in nature, but cannot make regulations that have the force of law c. Perform legislative and judicial functions even though they are, at least in theory, part of the executive branch d. Perform legislative and executive functions even though they are, at least in theory, part of the judicial branch
In a pure monopoly, the monopolistic firm is the only one selling the product, therefore there are no constraints on what the firm can charge or on the profit it can make. Do you agree? Why? Discuss various barriers to entry into an industry, explain..
The Green Company produces chemicals in a perfectly competitive market. The current market price is $24; the firm’s total cost is given by the equation C=100+4Q+Q2. Determine the firm’s profit-maximizing output. Determine its level of profits. Does t..
q. youve been on your lunch break for less than 45 minutes when your boss orders you to return to work immediately or
Compare an owner's personal liability for debts of a business organized as a sole proprietorship, general partnership, limited partnership, LLP, LLC, and S corporation.
The aggregate marginal cost function for the other manufacturers of polyglot. Illustrate what is the total market Demand for polyglot at the price established by Alchem in Part
Suppose you purchased a 25-year, $2.5 million deep discount bond when it was intially offered. Four years later you sell the bond and market interest rates have risen from 6.25% to 8.54%. Calculate the initial price of the bond. Calculate the current..
How do the demographic trends of two prominent East Asian countries, China and Japan, compare and contrast? What are some of the impacts of these trends, and what unique challenges does each country face as a result? How has the government for these ..
Other things held constant, consumer surplus decreases as:
Sam sells shavers also Alvin sells after cut off. Imagine Sam discovers a new production technique that lowers his costs of production.
What is the equilibrium price and quantity (P* and Q*) in the market for oranges with the following conditions? An event in Florida changed the supply of oranges. Demand did not change. The new supply equation is Q=5+P What is the new equilibrium pri..
If you were managing a monopoly, and small entrant tried to enter your market, explain why it might make sense to cut prices so low that you would suffer losses for a time. Imagine that you are managing a small firm and thinking about entering the ma..
In Japan during the first half of 2000, the Bank of Japan kept interest rates at a near zero level in an attempt to stimulate demand. In addition, the government passed a substantial increase in government expenditure and cut taxes. Slowly, Japanese ..
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