The george stigler quote, " degree of ‘market failure’ for the american economy is much smaller than the ‘political failure’ arising from the imperfections of economic policies " illustrates the advantage of which type of public policy toward monopolies?
a. antitrust laws
b. regulation
c. public ownership
d."do nothing"

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled: