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

Author Question: Which of the following is likely to result from the regulation of taxicabs in Mexico City? a. The ... (Read 70 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
Which of the following is likely to result from the regulation of taxicabs in Mexico City?
 a. The price of taxi rides will decrease.
  b. The price of taxi rides will increase.
  c. The income of taxi owners will increase.
  d. Taxi owners will have greater monopoly power.
  e. The supply of taxis will decrease.

Question 2

For a perfectly competitive firm that should continue to operate in the short run, loss is minimized where
 a. MR is maximized
  b. MR = MC
  c. P < MC
  d. MR < MC
  e. MR > ATC


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


evelyn o bentley

  • Member
  • Posts: 564
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Hormonal regulation of digestion rate in the stomach and small intestine. Hormonal regulation of digestion rate in the stomach and small intestine.
Wolf Spider in Maricopa City, Arizona, roughly 25mm (1 inch) while legs were retracted Wolf Spider in Maricopa City, Arizona, roughly 25mm (1 inch) while legs were retracted
The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth
Covalent regulation of enzyme activity. Covalent regulation of enzyme activity.
Regulation of ATCase by ATP and CTP Regulation of ATCase by ATP and CTP
Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm
Video: Hydrogen bonds vs. Ionic bond

For a complete list of videos, visit our video library