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1. What is the minimum efficient scale of production?
2. What are economies of scale and diseconomies of scale? What factors cause these economies or diseconomies
3. Explain the concept of the learning curve and its importance for a firm.
Suppose that in 2012, Canada Cars Corporation produced $20 million worth of cars and trucks but was able to sell only $16 million worth. Is the remaining $4 million increase in inventories part of GDP for 2012?
q1. assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change based on the above statement.
Compare performance of a single-price monopoly with that of perfect competition. Explain how price discrimination increases profit. Explain why monopoly can sometimes achieve a better allocation of resources than competition can.
The Taxpayer Assistance Center (TAC) provides taxpayer assistance to help in the preparation of individual tax returns. The amount of assistance (A) that can be provided is a function of the number of professional accountants (P) and trained tax prep..
The purchase of treasury securities by the Federal Reserve will, in general
How large is the economy of Japan? Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. What is the ratio of Japanese GDP to U.S. GDP if we don't take into account the diff..
Suppose the Canadian economy, on a fixed exchange rate, has a real growth rate of 2% and is in equilibrium with an inflation rate of 10% and a risk premium of 1%. Suppose changes in the U.S. cause its real rate of interest to increase from 3% to 4% a..
What is the significance of Sarbanes-Oxley and the Dodd-Franck Act to business operations in the United States?
Which governmental agencies are involved in the National Do-Not-Call Registry program? Which of the following global organizational structures represents a hybrid, dual-reporting structure? In which of the following cultures is self-interest ranked b..
the world price of coffee rose about 100%. What was the approximate price elasticity of demand for coffee? was the demand elastic or inelastic?
Discuss examples of externalities, including 1) an explanation of why or how they demonstrate the concept of externalities, and 2) public goods, again including an explanation of why or how they demonstrate the concept of public goods.
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