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

Author Question: Economic regulation is government policy designed to a. improve health and safety in products and ... (Read 171 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jun 30, 2018
Economic regulation is government policy designed to
 a. improve health and safety in products and in working conditions
  b. prevent firms from monopolizing or developing a cartel in existing competitive markets
  c. eliminate existing monopolies by breaking them apart into many smaller firms
  d. create monopolies by forcing competitive firms to merge
  e. control price and output in industries where monopoly is desirable

Question 2

Perfectly competitive firms that earn an economic profit in the short run choose the output that
 a. maximizes total revenue
  b. minimizes total cost
  c. maximizes the difference between total revenue and total cost
  d. maximizes the difference between total revenue and explicit cost
  e. maximizes the difference between total revenue and implicit cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


Medesa

  • Hero Member
  • *****
  • Posts: 507
Reply #2 on: Jun 30, 2018
Correct answers!


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Effects of nursing rounds on patient safety Effects of nursing rounds on patient safety
Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive
Variations Affecting Health Care Among Different Cultures Variations Affecting Health Care Among Different Cultures
Natural Products Natural Products
Sex Hormone Products Sex Hormone Products
Growth of Government Spending, 1870–2009 Growth of Government Spending, 1870–2009
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library