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The author of the news article titled "Econ Disecon Scale Schools" in the News folder notes that for years school districts have been consolidated to form fewer, bigger districts because people thought bigger districts would enable the production of education at a lower average total cost. The author argues that the opposite is true and advocates breaking up school districts into more numerous, smaller districts. What would have to be true about the school system's position on the LRATC curve for the author's proposal to work? Explain verbally and illustrate with an appropriate graph. (4)
Describe the firm's economic environment and evaluate how this has impacted historic firm performance and is likely relevant to future performance
Why do so many members of Congress believe that the federal government should subsidize local projects, such as improvements in bus or subway systems in major cities?
More labor resources—What is the evidence for the United States and Japan? Look for Labor Force Statistics from the Current Population Survey and click the Most Requested Statistics icon. Find U.S. civilian employment data for the last 10 years. How ..
An energy manager has $5000 available to purchase a high efficiency air conditioner that has a life of 6 years. The manager would like to know what should be the energy cost savings needed each year to justify the purchase (a) if the interest rate is..
Suppose that the U.S. the demand for phones is given by P=700-Q that the supply is given by P=200+Q. In Korea suppose the demand is given by P=600-Q and supply is given by P=50 + (Q/2). Please regard phones as a homogenous product. Prices are all in ..
Can Alpha make a credible threat to punish Beta with a retaliatory price cut
Beef has a positive income elasticity in Algeria. What would happen in the Algerian beef market if an economic recovery increased incomes?
Do you agree or disagree that preventative services are a viable solution to cutting down on rising health care costs, and why or why not? Why do you think that not all insurance companies offer preventative services?
the bursting of the housing bubble and the panic of 2008 caused both businesses and households to cut back on their
During the recent 2007-2009 economic contraction, nominal interest rates fell to nearly 0%while the rate of inflation remained positive. What happened to the real interest rate? How would this movement in the real interest rate affect decisions to sa..
Are there any general shapes of cost curve graphs and firm supply graphs? For instance, MC graphs usually are U-Shape graphs and usually start from below AC graphs. Or it all depends on the types of graphs? Is there a name for a graph that represent ..
The N.M. Corporation has exactly the same costs of production as last year except for fixed cost, which are $50,000 this year compared to $30,000 last year. Which of the following statements is false?
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