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Dave’s Dogs is a firm that originally sold hotdogs and soft drinks from a cart located in front of City Hall. Then Dave purchased another hotdog cart and hired someone to sell hotdogs and soft drinks near the high school. Both locations have been successful. When Dave’s Dogs expanded to two locations, which of the following did NOT occur?
A) Dave's production function changed.
B) Production increased.
C) The company increased the inputs it employs.
D) The firm employed additional capital.
"The lowering of barriers to trade and investment between countries within a trade group will probably be followed by increased price competition." Do you agree? Why? Why not?
With economic development comes each of the following, except; an increase in the stock of capital, a declining wage rate, a decline in the birth rate.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
The industry demand curve for a particular market is: Q = 1800 - 200P. The industry exhibits constant long run average cost at all levels of output, regardless of the market structure. Long run average cost is a constant $1.50 per unit of output. Cal..
how to compute implicit explcit and opportunity costs. jamal has a flexible job. he can work everyday but is allowed to take a day off anytime he wants.
Suppose that the output can be sold for $10 per unit. Further assume that the firm can obtain as much of the variable input (L) as it needs at $20 per unit. Determine the marginal revenue function. Determine the value of L that maximizes profits
A purely competitive firm finds that the market price for its products is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units.
Which of the following are the ideal conditions for a laissez-faire economy?
Find out statistics on the web from 2004 to present on the fillowing indicators of the macroeconomic conditions of U.S. economy:
Explain why do changes in bank reserves resulting from open-market operations by the fed produce multiple changes in checkable deposits in the economy.
Municipal bonds, or munis, The Efficient Market Hypothesis argues that. Which of the following is true regarding the trade offs associated with money? The Efficient Market Hypothesis argues that.
Suppose a market is in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause these changes to price and quantity?
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