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The following data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Q LTC1 332 543 754 1005 1506 2287 350
The Mineola Company hires a consultant to determine the relationship between its profits and its output. The consultant reports that the relationship is
Illustrate why is it difficult for the Fed to decide whether or not to change its interest rate target in the federal funds market.
Elucidate the price should you charge for a midsized automobile if you expect to maintain your record sales.
The supply curve shows a positive relationship between price and quantity supplied. Elucidate role does the loss of increasing opportunity cost play in this relationship? What role does profit play in this relationship.
Assume a 2 sector economy (where the two sectors are consumption and investment) where C= $100+ 0.9 Y and I=$50
Elucidate the excess of cost over the marginal price at the profit maximizing price-quantity combination?
Would your answer change if you thought different German also Japanese policies may facilitate different US policies.
Determine, how the following will affect the slope of the output demand curve, and explain your results:
A manufacture is planning outsourcing their product to China, where the costs to produce the product are considerably cheaper. You have been brought in as a consultant to discuss economic considerations of such a move.
Find out an article which is related to health economics from health journal. Some possible sources include Health Affairs
Assume, in a 2-sector model, that individuals earn the following payments from business sector: wages $520, interest $30 rent $ 10 and profits $80.
Illustrtae what does the agent choose if the terms are worse than actuarially fair.
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