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

Author Question: Economic regulation is government policy designed to a. improve health and safety in products and ... (Read 135 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jun 30, 2018
Economic regulation is government policy designed to
 a. improve health and safety in products and in working conditions
  b. prevent firms from monopolizing or developing a cartel in existing competitive markets
  c. eliminate existing monopolies by breaking them apart into many smaller firms
  d. create monopolies by forcing competitive firms to merge
  e. control price and output in industries where monopoly is desirable

Question 2

Perfectly competitive firms that earn an economic profit in the short run choose the output that
 a. maximizes total revenue
  b. minimizes total cost
  c. maximizes the difference between total revenue and total cost
  d. maximizes the difference between total revenue and explicit cost
  e. maximizes the difference between total revenue and implicit cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


Medesa

  • Hero Member
  • *****
  • Posts: 507
Reply #2 on: Jun 30, 2018
Correct answers!


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

The nurse conducts the health history as the first step in the nursing assessment The nurse conducts the health history as the first step in the nursing assessment
Group fitness activities geared toward senior citizens can improve their physical strength and ... Group fitness activities geared toward senior citizens can improve their physical strength and ...
Many exhaust manifolds are constructed of pressed steel and are free flowing to improve engine ... Many exhaust manifolds are constructed of pressed steel and are free flowing to improve engine ...
The NIOSH Pocket Guide entry for gasoline. Useful information includes health effects and chemical ... The NIOSH Pocket Guide entry for gasoline. Useful information includes health effects and chemical ...
economic question economic question
The executive legislative "struggle" over foreign policy The executive legislative "struggle" over foreign policy
Video: Oogenesis Animation

For a complete list of videos, visit our video library