A natural monopoly regulated with an average cost pricing rule is ________.
A) efficient and incurs an economic loss
B) inefficient and makes zero economic profit
C) inefficient and makes an economic profit
D) efficient and makes zero economic profit
Question 2
Health care costs rose more than 10 percent in 2011, according to a survey of insurers by Aon Consulting Worldwide. If the increase in costs solely comes from increased prices for MRI and X-ray machines, then for the health care industry
A) fixed costs are increasing.
B) long run average total cost is decreasing.
C) productivity is increasing.
D) variable costs are increasing.
On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
A Natural Oil Seep
Negative feedback control of a regulated variable.
How to find the average value of a function (Part 2)
Natural hazards
Find derivative using product rule