Which of the following inputs do you think include relatively large economic rents in their earnings? a.

Question:

Which of the following inputs do you think include relatively large economic rents in their earnings?
a. Nuts and bolts
b. Petroleum
c. A champion racehorse
Use supply-demand analysis to explain your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

See More Books

Question Posted: Apr 12, 2016 07:18 AM

See More Questions

Which of the following types of retailers do you think would benefit most from instituting CRM: (a) Supermarkets, (b) Banks, (c) Automobile dealers, or (d) Consumer electronics retailers? Why?
Evaluate the following questions. a. Which of the following magazines do you read regularly? Time Fortune Bloomberg Businessweek b. Are you a frequent purchaser of Great Value frozen vegetables? ...
Make the necessary corrections to the above questions. a. Which of the following magazines do you read regularly? Time Fortune Bloomberg Businessweek b. Are you a frequent purchaser of Great Value...
The Assembly Department of Interface, Inc., manufacturer of computers, had 4500 units of beginning inventory in September, and 8000 units wore transferred to it from the Production Department. The...
Determine whether the firm reports each of the following items as part of cash and cash equivalents in the balance sheet. Cash or Cash Equivalent? Item (yes/no)____________ 1. Currency ______________...
Part A At a given instant A has the motion shown in (Figure 1). Determine the acceleration of B at this instant. Express your answer in feet per second squared to three significant figures. Enter...
What are the three types of inventory on a manufacturing company's balance sheet?
An investor considers investing $10,000 in the stock market. He believes that the probability is 0.30 that the economy will improve, 0.40 that it will stay the same, and 0.30 that it will...
Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $31,000 and then sells this inventory on account on March 17 for $51,000...
1. What are the advantages and disadvantages of the various alternatives Ruth Diamond is considering? 2. Do you have any other suggestions for improving the stores sales? 3. What would you recommend?...
Use the criteria of equity and efficiency in taxation to evaluate the idea of taxing capital gains at a lower rate than other sources of income.
Three machines are employed in an isolated area. They each produce 2,000 units of output per month, the first requiring $20,000 in raw materials, the second $25,000, and the third $28,000. What would...
Each wheel of an automobile has a weight of 48lb, a diameter of 23 in., and a radius of gyration of 9 in. The automobile travels around an unbanked curve of radius 450 ft at a speed of 65 mi/h,...
1 . Journalize the following transactions: ( a ) Issued 1 , 0 0 0 shares of $ 1 0 par common stock at $ 5 9 for cash. ( b ) Issued 1 , 4 0 0 shares of $ 1 0 par common stock in exchange for equipment...
Using alpha .05, determine if moving to a larger enclosure decreased tiger anxiety levels. You should first calculate the difference (After - Before) Tiger Before Anthony 45 45 Banthony 56 After 38...
Cyclohexane (C 6 H 12 ) is produced by mixing Benzene and hydrogen. A process including a reactor, separator, and recycle stream is used to produce Cyclohexane. The fresh feed contains 260L/min C 6 H...
Suppose the city is undergoing severe ination. Specifically, both goods prices have risen by 10%. What percentage of a raise in the wage rate should Alex request from her boss, for her to maintain...
1. An iron cube of mass 0.55 kg is raised to a temperature of 100C by being placed in boiling water for 5 minutes. It is then removed and transferred immediately to an aluminium calorimeter filled...
____________ which some people call and _____________ is the process of collecting biological samples that can help ___________ and ___________ research.
What are conversion costs? What are prime costs?
1. The slope of the consumption function is called. 2. A decrease in consumer confidence will shift the consumption function (upward/downward). 3. If housing prices fall, you would expect the...
1. In our simple model, if C = 100 + 0.8y, and I = 50, equilibrium output will be ______. 2. If in Exercise 3.1 I increase to 100, a. The equilibrium income will be ______. b. The multiplier is...
1. The multiplier for taxes is greater than the multiplier for government spending. _______ (True/False) 2. A decrease in the tax rate will_______ the government spending multiplier. 3. Economic...
explain in excel please For a particular product the price per unit is $6. Calculate Revenue if sales in current period is 200 units. Conduct a data analysis, on revenue by changing the number of...
Hall Company sells merchandise with a one-year warranty. In the current year, sales consist of 35,000 units. It is estimated that warranty repairs will average $10 per unit sold and 30% of the...
Q 4- Crane Corporation, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost $ 167,270 and have an estimated useful life of 7 years. It can be sold for $...

Which of the following inputs do you think include relatively large economic rents in their earnings? a.

Question:

Step by Step Answer:

a Nuts and bolts no economic rent Many manufacturers easily produce nuts and bolts and in the long r...View the full answer

Economics Principles and Policy

Students also viewed these Economics questions