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Q. Industries do not need to be concerned about striking a balance between cost effect and output effect when making production decisions in which of following markets?
Q. During course of twentieth century, average workweek in United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labour productivity?
Elucidate how formal organizations have evolved over the past century. What differences were there in organizations a century ago, compared to today's organizations.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
What plant size will the firm choose in producing. Draw the firm's long-run average-cost curve on the diagram and define this curve.
A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium.
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. As per to these numbers the hospital cost about how much in 2000 dollars. Explain the price of a good is above equilibrium.
Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability.
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
Advantages and disadvantages of cigarette money in this prison economy in terms of these 6 criteria.
If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.
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