<span>1. the land squatters occupy is not protected against seizure by someone else.
2. squatters cannot mortgage, or borrow against, the land.
3.</span><span>Squatters cannot legally sell the land they occupy.</span>
Answer:
The answer is b) rise in price to target desperate last minute buyers.
Explanation:
Last minute buyers would buy the tickets despite the increase in price. Revenue is likely to be maximized from the premium in the tickets' price.
Answer:
Profit-maximizing price per drug treatment is $2,000
Explanation:
The "cost of production" (cost of providing all treatments) is given by the area under the cost curve
(The cost curve is the straight line C = 10Q)
It is a right triangle with one side being the quantity (Q) and the other being the cost of the last unit being produced (10Q)
So the cost of production is: 
Revenue is given by P * Q = (3,000 - 10Q) * Q
Profit = Revenue - Cost of production = 3,000Q - 
-
To find maximum, take derivative and solve for:
3,000 - 30Q = 0 => Q = 100
Profit-maximizing quantity is 100. The price will then be P = 3,000 - 10*100 = $2,000
Answer:
<em>The amount that he will be charged in a special assessment tax to cover his cost of the sidewalk Is $2000 </em>
<em></em>
Explanation:
We are told that the property is an interior lot, so we'll only consider one of the width of his plot, since the sidewalk can only pass through the front or the back of his property.
The property measures 100' x 500' , that is 100 ft width by 500 ft length
The cost of the sidewalk is $40 per linear ft
The city will pick up 50% of the cost.
For a width of the lot, the cost per linear length will be
100 x $40 = $4000
The city covers 50% of this cost, leaving 50% of the cost to the homeowner.
The homeowner's cost will be 50% of $4000
= 0.5 x $4000 =<em> $2000 </em>
<em>The amount that he will be charged in a special assessment tax to cover his cost of the sidewalk Is $2000 </em>
Answer:
The correct answer is letter "C": Agglomeration advantages stem from knowledge spillover from one firm to another.
Explanation:
In Business, Agglomeration refers to the cluster of companies in one common physical area. Agglomeration is divided into two categories: <em>urbanization economies </em>and<em> localization economies</em>. Urbanization economies refer to businesses sharing the same physical area even if they are dedicated to providing different goods or services.
Localization economies, instead, refers to firms of the same industry being located in a common location. In such a scenario, companies can take advantage of the same pool of labor and the quick spread of ideas among entities or the knowledge spillover.
