You are a member of your city's cable television regulatory commission. For the third time this year, the local cable provider has come before the commission, asking for a rate increase. This time it is to cover the cost of new, state-of-the-art cable

relay equipment. Last month it was for money for advanced training for cable installers. The time before that, it wanted to cover the cost of new office equipment. How do you explain the cable company's behavior?

Your commission has probably set a fair price for the cable company, allowing it to charge a price that
covers its average total cost. Now, the cable company isn't particularly concerned with keeping costs under
control. If its costs rise, it will just ask the commission for a price increase.

Economics

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Figure 4.3 illustrates the demand for tacos. Assume tacos are an inferior good. An increase in income would bring about a movement from

A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.

Economics

If a country's net exports fall, then its net capital outflow falls by the same amount

a. True b. False Indicate whether the statement is true or false

Economics