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Explain why you tend to find more shrinking, more corruption, and more inefficiency in large firms than you do in small firms and explain why you tend to find more shrinking, more corruption, and more inefficiencies in government than you do in large firms.
Recall the relationship between total revenue (TR) and the price elasticity of demand. Explain why a (single-price) monopolist will never produce on the inelastic part of the demand curve.
Analyze the major short run cost functions for this firm assuming they are represented by the equations below. Suggest substantive ways in which you may use this information to make production decisions in the short-run and possibly the long run.
Which of the following are not included in GDP but probably should be?
Illustrate what are the levels of income every worker and consumption per worker.
A sample of human resource executives was asked how their company planned to change their work force over the next 12 months. a categorical response variable showed 3 options: add employees, no change, lay off employees.
Let the consumer begin in utility maximizing equilibrium at point A on indifference curve I. Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve II. Write the linear de..
A market has a demand curve described by P=26-Q, a supply curve described by P=10+Q, and a price ceiling of 12. Calculate the Total Surplus of the market with the price ceiling.
If this were he case would there be any automatic stabilizers in the government economy. Elucidate what would there be any distinction between the full-employment deficit and actual budget deficit.
At present, the original manufacturer is deciding either they should continue production of toy truck.
If you want to increase ROE for a bank, but ROA is fixed, what could be done to do this? Would you increase the assets in the equity multiplier or decrease equity capital in the equity multiplier?
Kaiser Permenente Healthcare is negotiating with two hospital groups for inclusion in its network. Suppose that the “value” or “surplus” created by including one hospital group is $80 million, while the value of including both hospital groups is $120..
If the marginal cost is a constant of 6, would that mean it is an economy of scale or diseconomy? My first thought was that it would be a diseconomy since I thought MC needed to approach zero for very large quantitities.
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