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Q1. Is Jill Johnson right or wrong when she says the following: "currently i am producing 20000 pizzas every month at a total cost of $750 if i produce 20001 pizzas my total cost will raise to $750.02? Therefore my marginal cost of producing pizzas must be increasing" illustrate your answer with a graph.
Q2. In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition, monopolistic competition, collusive oligopoly, or competitive oligopoly? Elucidate your answer in the language of economics.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
Explain how that the balance sheet balances if these are the only assets and liabilities.
Gains from trade will result if a country specializes.
A group of 20 doctors are considering forming a new medical group also has asked you to prepare a report on whether they should build a facility in an area.
How should labour be allocated between x and y to satisfy the demands calculated in part.
When design dominance is discussed, what company name comes to mind.
Government encourage a decision to expand? How would it affect the reputation of the business?
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
A residential rental property is acquired during the first month of the taxable year, at a total cost (including transaction costs) of $1,200,000.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
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