Governments do not usually regulate monopolistically competitive industries because: the cost of regulation may be higher than the deadweight loss.
Some examples of monopolistically competitive industries include:
Hotels
Restaurants
Taverns or bars
Services for the consumers such as a haircut, pedicure, etc.
Retails that specialize in a certain product
Answer:
C) The relationship between MPL and APL is not the same as the relationship between the marginal of anything and the average of anything.
Explanation:
The relationship between marginal something and the average of that something always represents the same concept.
For example, the marginal utility of a product and average utility of a product refers to the same concept; An extra unit of product will produce how much extra units of utility, while the total number of units of utility divided by the number of products equals the average utility of a product.
We can change units of utility for costs in $$ and our sentence would be; An extra unit of product will cost $XX, while the average product cost is the total number of units produced by the total costs.
Answer:
$116 million
Explanation:
January 1 8,000,000*(15-1) =$112,000,000
December 28 Treasury stock sold 2,000,000*(20-18)=$4,000,000
Paid in Capital At December 31,2016 $116,000,000
Answer:
A. 30
Explanation:
Given that
16 grains of fine gold = 1 ambos
480 grains in ounce
Recall that par value = face value.
Therefore
Gold par value of 480 grains of ambos
= 480 ÷ 16
= 30