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At one point, Time Warner and the Walt Disney Company discussed merging their news operations. Time Warner owns Cable News Network (CNN) and Disney owns ABC News. After analyzing the situation, the companies decided that a combined news operation would have higher average costs than either CNN or ABC News had separately. Use a longrun average cost curve graph to illustrate why the companies did not merge their news operations.
(i) Draw the budget constraint of a student who buys such a card before and after the scheme is introduced.
There are many "in-kind" versus cash payments made by the government to citizens such as food stamps, medical care, and public housing.
In the Edgeworth production box diagram, what conditions must hold for an allocation to be on the production contract curve? Why is a competitive equilibrium on the contract curve?
What three legal doctrines had an important impact on economic activity during the first period of US national development? Describe their impact
A contractor estimates maintenance costs for a new backhoe to be $275 for the first month with a monthly increase of 0.5%.
In the 1970s, the United States experienced periods of severe gasoline shortages due to OPEC policy and unrest in the Middle East. The price of gasoline increased as a result of these shortages.
Suppose the market demand function (expressed in dollars) for a normal product is P=80-q, and the marginal cost (in dollars) of producing it is MC=1q, where P is the price of the product and q is the quantity demanded and/or supplied.
1. if a firm purchases a part of its supplies on the open market this is called a a spot market purchaseb a long term
Solve this as an integer programming (IP) problem, where the objective is to maximize total expected return from these projects. Assume that each project is either funded (1) or not funded (0).
supposed that firms only variable input is labor when 50 workers are used the average product of labor is 50 and
Give one business example for increasing returns to scale and decreasing returns to scale respectively. How does this characteristic affect its business strategies? Justify your arguments.
Please answer the following questions one by one with detailed explanations.1.If a profit maximizing monopolist faces a linear demand curve and has zero marginal cost, it will produce at:A. lowest point of marginal revenue curve
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