How do government regulations attempt to increase efficiency? (Pick the best answer) O Federal policy works to increase competition in the marketplace, thus, firms who produce similar goods and services have to increase quality and innovate to reduce costs in order to stay in business. O State governments regulate intrastate commerce, and states like Texas have created an economic environment that is favorable to business to entice them to relocate to the state, and to bring with them higher paying jobs, which is better for the overall economy. The federal government, through the interstate commerce clause, has the authority to pressure companies to merge, and to offer public funding if the merger causes the venture to lose capital in the process, which hurts investors.

How do government regulations attempt to increase efficiency? (Pick the best answer) O Federal policy works to increase competition in the marketplace, thus, firms who produce similar goods and services have to increase quality and innovate to reduce costs in order to stay in business. O State governments regulate intrastate commerce, and states like Texas have created an economic environment that is favorable to business to entice them to relocate to the state, and to bring with them higher paying jobs, which is better for the overall economy. The federal government, through the interstate commerce clause, has the authority to pressure companies to merge, and to offer public funding if the merger causes the venture to lose capital in the process, which hurts investors.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5. Choice between direct exporting and FDI Das Spielzeug is a profit-maximizing firm producing puzzles, which it can produce and sell in its home country, Germany, and abroad in Russia. The average cost (AC) curve on the following graph represents Das Spielzeug's cost of producing puzzles within one factory, whether in Germany or in Russia. COST (Dollars per puzzle) 1 10 AC 0 10 20 30 40 50 QUANTITY (Thousands of puzzles) 60 70 80 90 100 ? Suppose that at the current market price of puzzles, the demand for Das Spielzeug's product is 10,000 puzzles per year in Germany and 20,000 puzzles per year in Russia. (Hint: Select each point on the previous graph to see its coordinates.) $ Based on Das Spielzeug's average cost curve, within one factory it can produce 20,000 puzzles at $ per puzzle, and produce the total of 30,000 puzzles at $ per puzzle, produce 10,000 puzzles at per puzzle. Complete the following table by indicating Das Spielzeug's total production cost for each scenario.…
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(BLOCK) HCS_23-24_Economics_Unit 2 ← Question 91 v esc Question 9 One negative effect of price ceilings is that they A B C D ©2023 Illuminate Education TM, Inc. incentivize the development of an illegal market. lower consumer demand for a particular good or service. can result in a company being unable to sell their goods or services. force companies to specialize in one product for the sake of efficiency. ↓ 6 N Pause 2 ↑ Q Zoom #3 $ 4 % S5 Ħ 6 & 7
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