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If the marginal cost is a constant of 6, would that mean it is an economy of scale or diseconomy? My first thought was that it would be a diseconomy since I thought MC needed to approach zero for very large quantitities.
What are supply side reforms? Identify the main supply-side policies and with the use of examples, explain and illustrate their effects on the maximum output capacity in the C
Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there
Between October 1st and October 16th, 2013; the United States experienced partial Government Shutdown. In your view, what were the economic reasons that led to this shutdown?
Draw a supply and demand graph and identify the areas of consumers surplus and producer surplus. Given the demand curve, what impact will an increase in supply have on the amo
Suppose that an oracle offers to solve the Diffie–Hellman problem for you. Explain how you can use the oracle to decrypt messages that have been encrypted using the ElGamal pu
A Post Office is set up in the Constitution but no Central Bank was. Why didn't the founders of the US who wrote the Constitution include a bank? How did this omission hamp
What is international health? What are the 3 common perceptions of health outcomes and social inequalities? What is the Social Gradient? What is the term for good stress? How
Consider the specific factors model we discuss in class. Suppose that when the Home country opens up to trade, the price of the M good relative to the A good decreases. In our
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