This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is meant by the phrase, There is no such thing as a free lunch? What will be an ideal ... (Read 92 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
What is meant by the phrase, There is no such thing as a free lunch?
 
  What will be an ideal response?

Question 2

The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. If Light-U-Up is unregulated, it will produce ________ and sell at a price of ________.
 
  A) 200 kwh; 10 per kwh
  B) 200 kwh; 30 per kwh
  C) 300 kwh; 20 per kwh
  D) 400 kwh; 10 per kwh


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Christopher

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

Markets are generally efficient, which implies that profit opportunities are eliminated quickly.

Answer to Question 2

B


mcmcdaniel

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Excellent

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro Plasma protein binding and drug availability: (a) drug exists in a free state or bound to plasma pro
As with other groups, there is no such thing as the Latino family. Some Latino families speak little ... As with other groups, there is no such thing as the Latino family. Some Latino families speak little ...
Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ... Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ...
The fuel system should hold pressure if the system is leak free. The fuel system should hold pressure if the system is leak free.
Comparison of free energies of hydrolysis of thioesters and oxygen esters Comparison of free energies of hydrolysis of thioesters and oxygen esters
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Video: The Vestibular System

For a complete list of videos, visit our video library