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.
Natural capital degradation
Negative feedback control of a regulated variable.
How to use L'Hospital's Rule to find the limit of a function (Part 2)
La Niña: The impact of natural cycles
Infant formula is available in several forms and varies in cost and ingredients
Trapezoidal rule (approximation with four rectangles)