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

Author Question: Rent seeking refers to a. what landlords do b. looking for an apartment c. capturing the ... (Read 90 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Rent seeking refers to
 
  a. what landlords do
  b. looking for an apartment
  c. capturing the economic results of government-created scarcity
  d. all profit-making activity
  e. all of the above

Question 2

A proposed steel mill will be powered by coal. The country has one company that mines a limited amount of inferior coal, which may not be suitable. In evaluating the potential profit of this mill, how should we determine the price of coal?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

Students should understand that the local price of coal is affected not only by its inferior quality but also by the limited, monopolistic market. A shadow price should be used, probably derived from the price of importing suitable coal.


khang

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats Effect of Inactivation of the Insula on Reinstatement of Drug-Seeking Behavior in Rats
In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione
Temperament refers to stable differences in the emotional reactions of different children to similar ... Temperament refers to stable differences in the emotional reactions of different children to similar ...
Anabolic steroids are sometimes used by athletes seeking to bulk up Anabolic steroids are sometimes used by athletes seeking to bulk up
Hydrozoan. Hydra, a freshwater species capturing and digesting a water flea. Hydrozoan. Hydra, a freshwater species capturing and digesting a water flea.
Video: Inflammation Animation

For a complete list of videos, visit our video library