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a) Explain why a short run average cost curve only touches the long run average cost curve at one point on the long run average curve. b) Define clearly the concept of returns to scale.c)What are the two causes of the region of economics of scale for a long run average cost curve.
Consider a purely probabilistic game that you have the opportunity to play. Each time you play there are n potential known outcomes x1, x2, ..., xn (each of which is a specified gain or loss of dollars according to whether xi is positive or negati..
Suppose the equation for th LM curve is Y=13500+100r. Use this equation to explain the level of income at which there is a zero lower bound on the federal funds rate, the interest rate that the Fed controls. C) Graph the LM curve for interest rate..
Is the following statement correct or incorrect: "If a firm operating in a monopoly or imperfectly competitive industry is trying to maximize profits, it will always charge the highest price that the traffic will bear." Explain why or why not.
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel. 2. How are the laws of supply and demand illustrated in this graph? Explain your answers. 3. What is the equilibrium price and quantity in this ma..
Suppose you tested svereral Firestone tires also recorded their failure times. Decided taht failures are normally distributed.
Explain why is it important for a country to calculate their GDP and release this information to the public.
Explain how do you go about drawing an indifference for such a utility function.
Economic data has shown a relationship between Inflation and Unemployment rates. What is this relationship called? What are some determining factors of the relationship? How has government fiscal/monetary policy been utilized to attempt to manage ..
The two firms could successfully collude over the monopoly output and hence share the monopoly profit using trigger strategies.
Discuss and explain the reasons why net income for a particular period does not necessarily reflect a firm's cash flow during that same period.
For the protons labeled Ha and Hb in the structure below, predict the characteristics of their signals in the 1H NMR spectrum: the approximate chemical shift, the splitting pattern, and the integration value of their signals.
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