The ___________________ Act is a federal policy that requires local police to detain those who have entered the US illegally and also have a criminal conviction until they can be picked up by an Immigration & Customs Enforcement officer.
Frito-Lay dominates the snack food business, with half of a…
Frito-Lay dominates the snack food business, with half of all salty snack items. Competitors say that Frito-Lay has secured its dominant position with shelf-space rentals in retail stores, paying as much as $40,000 annually to secure prime shelf space in grocery and convenience stores. “Frito can afford it, ” says a regional rep for a competing company, “we can’t”. A. Explain what type of market structure firms in the salty snack foods market operate under. Why do you say that? B. What are the costs faced by firms in salty snacks? Please label whether these costs are fixed or variable, implicit or explicit. C. Why is there so much advertising in the salty snacks industry? Does advertise promote efficiency or inefficiency? Explain
Total Output Price Total Revenue Marginal Revenue Avera…
Total Output Price Total Revenue Marginal Revenue Average Total Cost Marginal Cost 1 $ 100 $ 100.00 $ 30 2 90 63.00 26 3 80 52.67 32 4 70 49.50 40 5 60 49.60 50 6 50 50.00 52 7 40 52.29 66 8 30 55.75 80 9 20 60.67 100 10 10 67.60 130 Refer to the data above for a nondiscriminating monopolist. a) List TR and MR (fill in the table) for each level of output (Q) b) What level of output should the monopolist produce? Using the profit-maximizing rule for the firm to explain. c) Is this monopolist earning profit? Do all monopoly’s make a profit? Why or why not?
__________________ refers to the utilization of armed forces…
__________________ refers to the utilization of armed forces for domestic police work.
__________________ refers to the utilization of armed forces…
__________________ refers to the utilization of armed forces for domestic police work.
Suppose that a monopolistically competitive restaurant is cu…
Suppose that a monopolistically competitive restaurant is currently selling 250 meals per day (the output where MR=MC). At that output level, ATC per meal is $5 and consumers are willing to pay $8 per meal. a) What is this firm’s profit or loss? b) Will there be entry or exit into or out of the industry? How do you know? c) What will happen to the restaurant market in the long run? Hint: you should be able to explain whether demand or supply shifts as a result.
Suppose that a pure monopolist can sell 15 units of output a…
Suppose that a pure monopolist can sell 15 units of output at $10 per unit and 16 units at $9.90 per unit. For the monopolist to profitably produce and sell the sixteenth unit of output, its marginal cost must be anywhere at or below
Evaluate the concepts of determinant and indeterminate sente…
Evaluate the concepts of determinant and indeterminate sentencing, discussing their key characteristics and implications for the criminal justice system.
Please show your calculations for the following: Suppose tha…
Please show your calculations for the following: Suppose that the most popular car dealer in your area sells 20 percent of all cars. a)If all other car dealers sell either the same number (20%) or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area? Show your calculation b) In that same situation, what would the four-firm concentration ratio be? Show your calculations c) What would your result tell you about the market structure of car dealers in your area?
The ___________ model is employed when the police feel certa…
The ___________ model is employed when the police feel certain groups must be controlled by “no protest zones, heavy use of lethal force weaponry, surveillance of protest organizations, negative advance publicity about protest groups, preemptive arrests, preventative detentions, and extensive restrictions on protest timing and locations”.