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1.) Would auctioning broadcast licenses be more efficient than having the Federal Communications Commission (FCC) assign licenses on basis designed by the FCC? Explain.
2.) Which of the three types of government policies- antitrust, social regulation, or economic regulation- is the basis for each of the following? Who benefits from the policy?
a.) Beautician education standards b.) Certified public accounting requirementsc.) Liquor licensingd.) Justice Department Guidelinese.) The Clean Air Actf.) The nutrition and labeling act
3.) "The Japanese or Chinese or Koreans or others, are beating us at every step. We must act as they do. We must allow and encourage cooperation among firms, and we must develop partnerships between business and government." Evaluate this argument.
4.) "The government should not be the sole provider of a good or service unless there is a compelling reason." What compelling reason? Would you agree that issuing drivers' licenses must be left to the government?
5.) What is a natural monopoly? Can you think of an example of a natural monopoly? If you can, explain why you consider it a natural monopoly.
Kate's Katering offers catered meals, and catered meals industry is perfectly competitive. Kate equipment costs $100 per day and is the only fixed input.
A corporation wish you to use rate of return analysis to evaluate the economics of buying the mineral rights to a mineral reserve for a cost of $1,500,000
Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,
General Cereals, (GCI) produces and markets Sweeties!, a popular ready to eat breakfast cereal. In an effort to expand sales in the Secaucus,
The company Three, SRL, sells three different products and sets the sales value for every product at 1.5 of their respective variable costs.
Assume a risk-free asset has a 5% return and a second asset has an expected return of 13% with a standard deviation of 23 percent.
The following is a hypothetical short run production function calculate the total output when two hours of labor are employed?
The Herschel Candy Corporation produces a single product, a chocolate almond bar that sells for $.40 each bar. The variable expenses for each bar total $.25.
A European consortium has spent a considerable value of time and money making a new supersonic aircraft. The aircraft gets high marks on all performance measures except noise.
Copy Makers Corporation has just received a credit request from a new consumer who wants to buy a copying machine. As input to its decision of whether to grant credit,
According to the chief engineer at the Zodiac Corporation, Q=AL^a K^b, where L is the rate of labor input, Q is the output rate, and K is the rate of capital input.
Given the following data, compute the expected value for company C's EPS. Information for Firms A nand B are as follows: E=$5.10, and oA=$3.61; E=$4.20,
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