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What are diseconomies of scale? What is the main reason that a firm eventually encounters diseconomies of scale as it keeps increasing the size of its store or factory?
Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range
1.Monopolistic competition is monopolistic up to the point at which consumers become willing to buy close-substitute products and competitive beyond that point." Explain
At what sales/output level will marginal costs (MC) reach a minimum and estimate the value of TVC for sales/output level 250,000 units, and calculate the 95% confidence interval for your estimate.
the average of freshman college students is 18.5 years with a standard deviation 0.4 years.a. let x denote the mean
How did the Social Security system contribute to the surpluses of the late 1990s and how can a baby boom cause problems for an unfunded pension system?
How was Malthus's view different from Keynes? How was the period during which he was writing affect this comparison? Does his feeling that the landed aristocracy should be promoted also affect this comparison?"
The cost of labor goes down, the profits of firms will increase, and short-run aggregate supply will shift to the right.
Suppose you win a small lottery and you are given the following choice: You can (1) receive an immediate payment of $10,000 or (2) three annual payments, each in the amount of $3,600, with the first payment coming from one year from now, the second t..
Discuss the importance and cost of research and development. Does every drug pay off Is strategic behavior important in this market Is product differentiation important in this market
How does taxation harm the economy? If taxes hurt the economy, why do they exist?
At higher prices, a larger quantity will generally be supplied than at lowerprices, all other things held constant. At lower prices, a smaller quantity willgenerally be supplied than at higher prices, all other things held constant.
Describe a market situation in which the operating company faces economic difficulties and need to cut costs. What cost cutting strategies may the operating company employ to remain profitable?
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