A higher opportunity cost of public funds implies... Select one: O a. Higher incentives for illegal regulatory capture O b. Larger informational rents O c. A larger (expected) DWL
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![A higher opportunity cost of public funds implies...
Select one:
O a. Higher incentives for illegal regulatory capture
O b. Larger informational rents
O c. A larger (expected) DWL](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75e18082-a68b-4cf9-8762-a448027df11f%2F103edb9a-b812-4002-bd35-37002b23d5d7%2Fnuqa7cv_processed.png&w=3840&q=75)
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- Question Completion Status: 360 370 Quantity Produced 0 1 2 QUESTION 5 3 4 45 D 5 60 380 390 400 410 420 5 16 C 7 8 b. $565 c. $1000 d. $435 Total Cost $100 $140 $184 $230 $280 $335 $395 $475 $575 8C Table 15-21 Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. COSTS REVENUES Marginal Cost 0 1 2 3 4 5 90 440 Quantity Demanded 6 7 10 110 8 450 46 47 48 49 50 120 130 140 150 160 170 180 190 Price $170 $160 $150 $140 $130 $120 $110 $100 $95 20 Total Marginal Revenue Revenue 210 226 Refer to Table 15-21. If the monopolist can engage in perfect price discrimination, what is total profit at the profit-maximizing quantity? a. $325 2610 co Interest Rate (%) N B Investment Demand O E 0 $30 60 90 120 150 Investment ($) Price Level 0 AS Q₁ Real GDP ($) AD, (I=120) -AD₂ (I=90) *AD, (I=60) Refer to the above graphs, in which the numbers in parentheses near the AD₁, AD2, and AD3 labels indicate the level of investment spending associated with each curve, respectively. All numbers are in billions of dollars. The interest rate and the level of investment spending in the economy are at point C on the investment demand curve. To achieve the long-run goal of a noninflationary full-employment output Qf in the economy, the Fed should: decrease aggregate demand by increasing the interest rate. make no change in the interest rate. increase aggregate demand by decreasing the interest rate. increase aggregate demand by increasing the interest rate.Which of the following is an advantage for Small business owners? O a Many skilled people like to work for small business O b. There is no need to keep any records. c The capital requirement is less O d. All the statements are incorrect
- A good is considered a public good if its benefits are as it is consumed and whose benefits Select one: O a. diminished; cannot be withheld O b. diminished; can be withheld c. not diminished; are enjoyed by some. O d. not diminished; cannot be withheld O e. not diminished; can be withheld Next pag o searchpossible Submit c The figure on the right shows the costs and benefits associated with wood pulp production. Without regulation the market will produce a price of Price (dollars per ton) tons of wood pulp at per ton. 1,100 MSC O A. 5; $700 1,000 O B. 3; $600 900 O C. 5; $1,100 800 O D. 3; $900 S=MC O E. 4; $900 700 600 D=MB 500 2 4. 4 Quantity (tons per week) NextQUESTION 16 16. Is the total expenditure of revenue on a government program (revenue collected by a tax) the full measure of the program's cost to society? O a) Yes. O b) No, because the benefit to society always exceeds the dollar cost of government programs. O c) No, because this does not include the efficiency cost of collecting the tax revenue. O d) No, because it does not include the cost of program administration and losses due to corruption.
- After part of the shares of a proposed corporation hadbeen successfully subscribed, one of the promoters hireda carpenter to repair a building that was to be conveyedto the proposed corporation. The promoters subsequently secured subscriptions to the balance of theshares and completed the organization, but the corporation, finding the building to be unsuitable for its purposes, declined to use the building or pay the carpenter.The carpenter brought suit against the corporation andthe promoter for the amount the promoter agreed wouldbe paid to him. Who, if anyone, is liable?2. Superior Metals Company has seen its sales volume decline over the last few years as the result of fising foreign imports. In order to increase sales and hopefully, profits), the firm is considering a price reduction on uranium-a metal that it produces and sells. The firm currently sells 60.000 pounds of uranium a year at an average price of $10 per pound. Fixed costs of producing uranium are $250,000. Current variable costs per pound are $5. The firm has determined that the variable cost per pound could be reduced by $.50 if production volume could be increased by 10 percent (fixed costs would remain constant). The firm' marketing department has estimated the arc elasticity of demand for uranium to be - 1.5. (a) How much would Superior Metals have to reduce the price of uranium in order to achieve a 10 percent increase in the quantity sold? (b) What would the firm's (i) total revenue, (ii) total cost, and (ii) total profit be before and after the price cut? 8 - 60000The YTM on Apple bond is 3%. The tax rate is 21%. What is the after-tax cost of debt? Select one: a. 2.50 O b. 3% С. 2.37% O d. 2.75%
- Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop alist of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups: 1. Owners of small businesses located nearby.2. Town residents, and residents of nearby towns. How might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?1. Transportation costs per ton of product vary with distance. For trucks: TC₁ = 2 +1.5d For rail: TC, = 4+d For barge: TC₁ = 6+.75d where d is the distance in miles and TC is dollars per ton. Make a table that includes the costs for each method from d= 1, 2 ...5, and what is the most efficient mode of transportation at each distance.Ceteris paribus, goods with "positive externalities" tend to be by the free-market private sector; thus, in modern developed economies these goods are often, by the government. Select one: O a. over-supplied; taxed O b. under-supplied; taxed Oc. over-supplied; supplied or otherwise subsidized d. under-supplied; supplied or otherwise subsidized
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