subject
Business, 19.07.2020 01:01 myhomeacc32

How are production limits used in practice to raise the prices of the following goods or services: Taxi rides? A. The government requires that each cab has a medallion (a license to operate). Assuming the number of taxis is less than it would be without regulation, those taxis in the market may charge a lower-than-competitive price. B. The government requires that each cab has a medallion (a license to operate). Assuming the number of taxis is greater than it would be without regulation, those taxis in the market may charge a lower-than-competitive price. C. The government requires that each cab has a medallion (a license to operate). Assuming the number of taxis is greater than it would be without regulation, those taxis in the market may charge a higher-than-competitive price. D. The government requires that each cab has a medallion (a license to operate). Assuming the number of taxis is less than it would be without regulation, those taxis in the market may charge a higher-than-competitive price.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 12:20
Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?
Answers: 3
question
Business, 22.06.2019 14:20
Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?
Answers: 1
question
Business, 22.06.2019 18:00
Companies under market structures are independent
Answers: 2
question
Business, 22.06.2019 21:20
White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?
Answers: 1
You know the right answer?
How are production limits used in practice to raise the prices of the following goods or services: T...
Questions
question
Mathematics, 24.02.2021 23:10
question
Mathematics, 24.02.2021 23:10
question
Mathematics, 24.02.2021 23:10
question
Mathematics, 24.02.2021 23:10
Questions on the website: 13722361