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

Author Question: Rent seeking refers to a. what landlords do b. looking for an apartment c. capturing the ... (Read 70 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Rent seeking refers to
 
  a. what landlords do
  b. looking for an apartment
  c. capturing the economic results of government-created scarcity
  d. all profit-making activity
  e. all of the above

Question 2

A proposed steel mill will be powered by coal. The country has one company that mines a limited amount of inferior coal, which may not be suitable. In evaluating the potential profit of this mill, how should we determine the price of coal?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

Students should understand that the local price of coal is affected not only by its inferior quality but also by the limited, monopolistic market. A shadow price should be used, probably derived from the price of importing suitable coal.


khang

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Different parts of the body mature at different rates. “General” refers to the body as a whole: the Different parts of the body mature at different rates. “General” refers to the body as a whole: the
In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione
Anabolic steroids are sometimes used by athletes seeking to bulk up Anabolic steroids are sometimes used by athletes seeking to bulk up
Sensation-seeking and risky behaviours may help teens achieve peer acceptance Sensation-seeking and risky behaviours may help teens achieve peer acceptance
Hydrozoan. Hydra, a freshwater species capturing and digesting a water flea. Hydrozoan. Hydra, a freshwater species capturing and digesting a water flea.
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library