The dollar value of a retail (or front-end) disposal charge needed to restore efficiency to this market would be
Use thefollowing information for any or all of Questions 16 through 18.
Suppose the marginal benefits and marginal costs of tire production in the U.S. are modeled as follows, where Q is in millions:
MSB = 12 – 0.4Q MPB = 12 – 0.3Q MSC = MPC = 2 + 0.1Q
a. $4 c. $6
b. $2 d. $20
b. $2
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The cumulative voting system used by firms in the election of directors allows:
A. a large minority shareholder to elect some directors even if their election is opposed by the majority of shareholders. B. the blockholders to elect some directors even though they are barred from participating in the internal decision making. C. large shareholders to nominate board members through the normal proxy process without any legal binding. D. the prospective candidates for the board of directors to manipulate the federal laws and regulation.
Refer to the graph above. Which demand curve is relatively most elastic between P1 and P2?
What will be an ideal response?