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What is a "Natural Monopoly"? What industry or firm do you regard as a "Natural Monopoly"? Explain the governmental action(s), if any, that you believe may be appropriate in this case.
In terms of the law of contract can they sue Mr Patel for the cost of R17 000.00 that they are now required to pay to rectify the errors. Assume that the electrical compliance boards report is correct. Do you think Mr Patel has any defence to the cla..
A low-carbon-steel machine part operating in a corrosive atmosphere, lasts 6 years, and costs $350 to be installed and $50 to be removed at end of life. If the part is treated with corrosion resistance, it will cost $500 to be installed and nothing t..
Suppose an imaginary economy is represented by the following equations: Calculate the income- expenditure equilibrium level GDP. Suppose the level of planned investment spending (Iplanned) drops by $50 . What will the new equilibrium GDP be?
An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years. Annua..
In 1980, Stewie bought a Walkman for $29. If the price index was 25 in 1980 and the price index today is 129, then what is the price of the Walkman in today's dollars?
What value of T makes these two cash flow diagrams (See Figure P4-74) economically equivalent at 8% annual interest?
Looking at all commercial banks in the United States, _______ is the largest category of liabilities.
Regulation Costs. Kingston Components, Inc., produces electronic components for cable TV systems. Given vigorous import competition, prices are stable at $4,500 per unit in this dynamic and very competitive market. Kingston's annual total cost (TC) a..
Quotas and tariffs can: Macroeconomics is:
Illustrate what is the loss minimization output level for the firm. what is the Average profit or loss for the firm. what is the Total profit or loss for the firm.
Calculate the price elasticity of demand using the point formula for Px = 20 and Py = 10. Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect..
Explain in your own words the discrepancy between consumers' and producers' view of tourism as a product. What is meant by the" opportunity costs" of tourism? Show how these may be linked to seasonal patterns of tourism.
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