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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.
To make the case that one country has a comparative advantage over another country in the construction of a given good or service,
In her speech to the Australia-Israel Chamber of Commerce last year, Julia Gillard contrasted "the problems of Europe" with Australia's "position of strength in the world economy" (Editorial, Feb 2 2012, The Australian).
q.a firm sells its production in a perfectly competitive market at a fixed cost of 10 per unit. it buys 2 inputs l as
q1. you have 2000 to spend on entertainment this year. the price of a day trip t is 40 and the price of pizza and a
Rent controls place price ceilings on rents at levels below market equilibrium rental rates for the stated purpose of making housing more affordable for low-income families. Using demand and supply analysis, answer the following questions:
Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.
If the unemployed workers in the newly unionized sector spill over into the nonunion sector? How many employees will be hired in that sector? D. What is the union relative wage advantage? What is the true absolute effect?
Illustrate what is the slope of the budget line for apples and bananas if apples were graphed on the horizontal axis and bananas were graphed on the vertical axis.
What is the equivalent uniform annual cost of one machine in years 1 through 7 at an interest rate of 7% per year?
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
You are an economic consultant for Farmer Perk, who produces raw cotton and sells it in a perfectly competitive market. Illustrate what is Farmer Perk's profit-maximizing level of output.
What are government's fiscal policy options for ending severe demand-pull inflation? Which of these fiscal options do you think might be favored by a person who wants to preserve the size of government? A person who thinks the public sector is too la..
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