Which of the following is an example of rent seeking behavior?
A) Recent increases in cigarette taxes faced little opposition from voters, many of whom were rationally ignorant with respect to the tax.
B) U.S. sugar firms convinced Congress to impose a quota on imports of sugar.
C) Amazon introduced the Kindle to compete with Sony's Digital Reader. Amazon was motivated by the desire to earn profits from the Kindle but also increased the choice of digital music players available to consumers.
D) Apple earned large profits from the development and sale of the iPhone.
Question 2
Economies of scale exist as a firm increases its size in the long run because of all of the following except
A) as a larger input buyer, the firm can purchase inputs at a lower per unit cost.
B) as a firm expands its production, its profit margin per-unit of output increases.
C) the firm can afford more sophisticated technology in production.
D) labor and management can specialize even further in their tasks.
Sugar Cube-Sized Robotic Ants Mimic Real Foraging Behavior
Both humans and apes readily engage in learned imitative behavior.
Cross-sectional data showing that the amount of effort spent on personal health care increases with
When the IQ scores of identical twins differ, behavior genetics researchers attribute these to ...
The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio.
Mechanism of action of anti-parkinson drugs. (a) Levodopa therapy increases dopamine production; (b) ...