Rent-seeking occurs when:

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

Rent-seeking occurs when:resources are used to deregulate a market through the political

process.

resources are used to maximize profits.

resources are used to secure monopoly rights through the political process.

two firms try to enter the same market.

landlords attempt to raise the rent on tenants.

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natural monopoly

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

The _________ means that the government can regulate a natural monopoly to minimize deadweight loss without

forcing the private firm out of the market.

marginal cost pricing rule

average cost pricing rule

total cost pricing rule

fixed cost pricing rule

variable cost pricing rule

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The marginal revenue

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

The marginal revenue lies _ the demand curve because there is a(n) _ effect whenever the price is

lowered.

above; price

below; price

below; output

above; output

on; price

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I just want to check two answers I have real GDP

September 17, 2019/in Questions Uploads /by Hannah Wangui

Question

I just want to check two answers I have real GDP of 117,000 and deflator of 100. I get a Nominal GDP of

11,700,000. Also a real GDP of 152,000 and a deflator of 136 and get a Nominal GDP of 20,672,000. Are these correct. Our text didn’t tell us how to figure it and I just googled the formula.