Economics 12E - Arnold - TB_271

Economics 12E - Arnold - TB_271 - ANSWER a POINTS 1...

This preview shows page 1 - 2 out of 5 pages.

ANSWER: a POINTS: 1 DIFFICULTY: Challenging NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: Oligopoly KEYWORDS: Bloom's: Comprehension 73. If natural monopolies are regulated to produce where there is resource-allocative efficiency, they produce where a. price equals average total cost. b. marginal revenue equals marginal cost. c. price equals marginal cost. d. marginal revenue equals average total cost. ANSWER: c POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: The role of government KEYWORDS: Bloom's: Comprehension 74. If natural monopolies are regulated to produce where there is a normal profit, they produce where a. price equals average total cost. b. marginal revenue equals marginal cost. c. price equals marginal cost. d. marginal revenue equals average total cost. ANSWER: a POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: The role of government KEYWORDS: Bloom's: Comprehension 75. The natural monopolist might have an incentive to decrease cost under a. price regulation. b. profit regulation. c. output regulation. d. a and b
Image of page 1

Subscribe to view the full document.

ANSWER: c POINTS: 1 DIFFICULTY: Moderate NATIONAL STANDARDS: United States - BUSPROG: Analytic LOCAL STANDARDS: United States - OH - Default City - DISC: The role of government KEYWORDS: Bloom's: Comprehension 76. The natural monopolist might have an incentive to let costs increase under a. price regulation.
Image of page 2
You've reached the end of this preview.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern