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1. If the price of labor is constant and a firm experiences diminishing marginal product, then its Select one: a. marginal costs decrease. b. fixed costs increase. c. average variable cost increases. d. total costs decrease.
2. When a bank or Bank like institution borrows from individuals or firms with excess funds and lends it to those who need funds it is: A) acting like a savings and loan. B) engaging in illegal money laundering. C) acting as a financial intermediary. D) performing the role of primary fiduciary.
"In a 2x2x2 Heckscher-Ohlin context, when a relatively labor-abundant country moves from autarky to trade, the real return to capital in the import-competing industry decreases and the real return to capital in the export industry also decreases."
Which of the following is the correct name for the idea that certain firms prefer government regulation because regulation shields them from the pressures of competition and, in effect, guarantees them a regulated profit.
Elucidate why those rates may be more meaningful as a measure of change across time than the actual numbers of those events."
A 1998 study indicated that the price elasticity of demand for four-year university was .67. Using this estimate, how would a 10% increase in tuition at a four-year university change expected enrollments? Do you think the price elasticity of demand w..
"Which expression is another way of saying "marginal cost"? "
Assume that the inflation rates in 2010, 2011, and 2012 were 1%, 2%, and 3% respectively. During the same periods, nominal interest rates were 5%, 5%, and 6%, respectively. What are the ex-post real interest rates in 2010, 2011, and 2012?
Fair cross Farms harvests its crops four times annually and receives payment for its crop 90 days after it is picked and shipped. However, planting, irrigating, and harvesting must be done on a nearly continual schedule.
Think of a company (such as Apple Computers or Samsung) with which you are familiar. In a response of no less than 250 words, what are the three most relevant environmental categories that need scanning for that company? How have those categorizes im..
What is brand loyalty? Name three products each for which you have (a) high brand loyalty and (b) low brand loyalty and explain why for each of the six products.
A sample of 16 ATM transactions shows a mean transaction time of 67 seconds with a sample standard deviation of 12 seconds. When testing whether the mean transaction time is different from 60 seconds, what is the test statistic?
Elasticity of supply: Using the data below, answer the following questions: Close Substitutes Quantity Demanded Price Quantity Supplied. Write out the midpoint formula for elasticity of supply (formula only, no numbers): Use the data from above to ca..
Suppose a wage increase from $19 to $21 an hour increases the number of job applicants from 50 to 64. What is the price elasticity of labor supply?
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