Which of the following is an example of basic research? a. ...

[dmcintosh]

Which of the following is an example of basic research?
 a. Conducting animal tests to determine if a product contains irritants
 b. Soft drink bottlers testing consumer reactions to their advertisements
 c. A statistician calculating the odds of winning a promotional sweepstakes that a company is running
  d. A catalog sales company timing its operators to see how many calls each is handling per day
 e. A chemist building a mathematical model of the atmosphere of Jupiter

Question 2

If a regulatory commission sets the regulated price equal to marginal cost for a natural monopoly:
 a. losses will result.
  b. government subsidies will be unnecessary.
  c. the firm will earn economic profits.
  d. new firms will want to enter.
  e. resource use will not be optimal.

[sokh]

Answer to Question 1

e

Answer to Question 2

a

[dmcintosh]

Thank you

[sokh]

No problemo