Question : 31) Which of the following an example of a two-part : 1238810

Economics

31) Which of the following is an example of a two-part tariff?

A) price discrimination based on the buyers’ willingness to pay

B) charging a hookup fee plus a monthly charge equal to marginal cost

C) higher sales tax on specific products

D) different prices based on the cost of production and quantity bought

E) A regulated firm uses marginal cost pricing for some customers and average cost pricing for other customers.

32) One way a company can cover its costs and, at the same time, obey a marginal cost pricing rule is by

A) choosing output levels according to the profit-maximizing rule.

B) using price discrimination.

C) increasing production.

D) decreasing production.

E) decreasing its marginal cost but not changing its average total cost.

33) If a regulatory agency sets the price equal to marginal cost for a natural monopoly, the

A) government might have to provide a subsidy to the firm to keep it in business.

B) price is the same as the unregulated monopoly price.

C) firm makes an economic profit, though not the maximum economic profit.

D) firm makes the maximum economic profit.

E) firm makes zero economic profit.

34) What problem is caused by subsidizing a natural monopoly regulated using a marginal cost pricing rule?

A) The regulated firm ends up earning an economic profit.

B) Consumers pay too much for the product of the monopoly.

C) This policy is a two-part tariff, which creates inefficiency.

D) The taxes required to gain the revenue used as the subsidy result in a deadweight loss that subtracts from gains in efficiency which result from use of the marginal cost pricing rule.

E) The regulated firm goes out of business if it is subsidized.

35) With a natural monopoly,

A) no regulation is necessary because it is a natural monopoly.

B) regulation takes the form of forcing competition from new firms.

C) regulation takes the form of forcing the company out of business.

D) regulation can take the form of average cost pricing to allow coverage of costs.

E) regulation takes the form of breaking the company into several competing firms.

36) When a firm is regulated so it uses an average cost pricing rule, the price

A) exceeds average total cost.

B) equals marginal cost.

C) is less than marginal cost.

D) equals average total cost.

E) equals marginal revenue.

37) For a natural monopoly to cover its total cost, its price must equal its

A) average total cost.

B) marginal cost.

C) demand.

D) total fixed cost.

E) marginal revenue.

38) When used with a natural monopoly, an average cost pricing rule results in

A) the efficient level of output.

B) economic losses for the firm.

C) the need for government to subsidize the natural monopoly.

D) zero economic profit for the firm.

E) the firm making an economic profit.

39) With an average cost pricing rule, the quantity produced by the natural monopoly is ________ the quantity produced with a marginal cost pricing rule.

A) greater than

B) less than

C) equal to

D) greater than in the long run and less than in the short run than

E) not comparable to

40) A natural monopoly’s output is less if it is regulated with

A) a marginal cost pricing rule than if it is unregulated.

B) an average cost pricing rule than if it is unregulated.

C) an average cost pricing rule than if it is regulated with a marginal cost pricing rule.

D) a marginal cost pricing rule than if it is regulated with an average cost pricing rule.

E) More information about the firm’s demand is needed to determine how its output depends on what regulation it faces.

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July 1, 2023

61. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces.

B)London dispersion forces increase with increasing molecular size.

C)Dipole-dipole forces are present in all atoms and molecules.

D)In order for a pure substance to participate in hydrogen bonding, it must have hydrogen bonded to F, O, or N.

E)Intermolecular forces are much weaker than bonding forces.

62. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces for substances of similar molar mass.

B)London dispersion forces are present in all atoms and molecules.

C)Dipole-dipole forces increase with increasing molecular size.

D)Bonding forces are much stronger than intermolecular forces.

E)Hydrogen bonding is the reason for the abnormally high boiling point of water.

63. Which choice correctly lists the intermolecular forces present in CH3NH2?

A)London forces only

B)dipole-dipole forces only

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)hydrogen bonding only

64. Which choice correctly lists the intermolecular forces present in CH4?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

65. Which choice correctly lists the intermolecular forces present in CH3Br?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

66. Arrange the following substances in order of increasing boiling point: CH3OH, CH4, CH3CH2OH, HOCH2CH2OH

A)CH3OH < CH4 < CH3CH2OH < HOCH2CH2OH B)CH4 < CH3OH < CH3CH2OH < HOCH2CH2OH C)CH4 < CH3OH < HOCH2CH2OH < CH3CH2OH D)CH3OH < CH4 < HOCH2CH2OH < CH3CH2OH E)HOCH2CH2OH < CH3CH2OH < CH3OH < CH4 67. Arrange the following substances in order of increasing boiling point: N2, H2, NH3, PH3 A)H2 < N2 < PH3 < NH3D)N2 < PH3 < NH3 < H2 B)N2 < H2 < PH3 < NH3E)NH3 < PH3 < N2 < H2 C)H2 < N2 < NH3 < PH3 68. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, H2SD)NH3, PH3 B)CH3CH2OH, CH3OHE)Br2, Cl2 C)CH3COCH3, CH3CH2CH2OH 69. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, HClD)AsH3, PH3 B)CH3OH, CH4E)Cl2, Br2 C)CH3CH2CH2OH, CH3COCH3 70. Which of the following statements regarding the liquid state is incorrect? A)Liquids are about 1000 times denser than gases. B)Liquids are normally about 90-95% as dense as their corresponding solid. C)The viscosity of a liquid is a measure of its resistance to flow. D)Molecules with high intermolecular forces will have high surface tension. E)Surface tension increases as temperature increases.