QUESTION 9 A privately owned firm that is regulated by the government is very si
ID: 1116918 • Letter: Q
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QUESTION 9 A privately owned firm that is regulated by the government is very similar to a firm that the government owns because o a. both make economic profits. O b neither earn economic profits c, neither has a profit motive o d both result in no deadweight loss. o e. both minimize costs QUESTION 10 A campus financial aid office uses what tool to separate students into distinct groups based on family income? o a. Free Application for Federal Student Aid (FAFSA) o b. Federal Stafford Loan Program Report (FSLPR) O c. College Student Aid Federal Fund (CSAFF) d. National Aid for Federal Teaching Assistance (NAFTA) oe. Federal Aid to Student Organization (FATSO QUESTION 11 Implicit costs are o a. never greater than explicit costs. O b. not measured in terms of dollars. c. the opportunity cost of the means of production. o d always paid out of pocket o e always greater than explicit costs QUESTION 12 Firms with many customers that find it easier to attract new customers are most likely selling a good that has aexternality externality a network b, production c negative d consumption epositiveExplanation / Answer
Answer:- a privately owned firm that is regulated by the government is very similar to a firm that the government owns because
Correct Answer:- C:- Neither has a profit motive
Reason:- the government run organizations do not have any profit driven motives.
Answer:- a campus financial aid officer uses what tool to separate students into district groups based on family income
Correct Answer:- federal aid to student organization
Reason:- It is the largest U.S. Department of education division which helps the students to receive grants for their studies.
Answer:- implicit cost are
Correct Answer:- opportunity cost of the means of production
Reason:- Implicit costs are the opportunity cost equal to what the firm must give up for the production of a certain product.
Answer;- firms with many customers that find it easier to attract new customers are most likely selling a good that has a positive externality
Correct Answer:- Network
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