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Author Question: Which of the following is an example of basic research? a. Conducting animal tests to determine if ... (Read 60 times)

dmcintosh

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on: Jun 30, 2018
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.


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sokh

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

a


dmcintosh

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Reply #2 on: Jun 30, 2018
Thank you


sokh

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Reply #3 on: Jun 30, 2018
No problemo


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