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The average cost of production _______ if there are scale economies, and ________ if there are scale diseconomies.
a. Does not change; does not change;
b. Decreases; increases;
c. Does not change; increases;
d. Decreases; does not change
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
u.s. trucking pays its drivers 40000 per year while american trucking pays its drivers 38000 per year. for both firms
The congestion fee was raised to £8 in July 2005. Illustrate the new equilibrium point on your graph also assuming new charge is now optimally set.
q1. tom and jack are the only two local gas stations. although they have different constant marginal costs they both
q. you are still a manager of a small wigest producing firm. now there are 14 such firms including yoursin industry.
q.1. short-term production function q 50l 6l2 - 0.5l3a. when the law of diminishing returns does begin to take
At what level must be a ceiling price imposed upon the monopolist's market to cause the monopolist to supply the efficient quantity supplied?
Explain how will the economy change over time. Explain in words and using an aggregate-demand/aggregate-supply diagram.
Analyze the challenges that companies face in entering global markets. Identify the potential impact to capital budgets in making the decision to move into a global market.
Briefly define each of the following terms or phrases and briefly explain why it matters for tax policy.
What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.
which planet has the comparative advantage in coffee? in fried chicken?
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