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 155 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?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

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?

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

Traditional Chinese Medicines Reveals Legality Issues and Health Safety Concerns Traditional Chinese Medicines Reveals Legality Issues and Health Safety Concerns
A fire safety plan like RACE saves lives. A fire safety plan like RACE saves lives.
Other Professionals in Health Care Other Professionals in Health Care
The fuel injectors used on this Honda Civic GX CNG engine are designed to flow gaseous fuel instead ... The fuel injectors used on this Honda Civic GX CNG engine are designed to flow gaseous fuel instead ...
Regulation of the mammalian pyruvate dehydrogenase by feedback inhibition and covalent modification ... Regulation of the mammalian pyruvate dehydrogenase by feedback inhibition and covalent modification ...
economic question economic question
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library