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Denson Company had been employing 6 workers and 8 tons of raw materials, using 2,000 square feet of plant space. The firm increased its work force to 12 workers utilizing 16 tons of raw materials in a plant space increased to 4,000 square feet. Total number of units of output increased from 78 to 160. What kind of returns to scale is the firm experiencing? Defend your answer.
q1. illustrate what are the effects of awards paid to heirs of workers judged to have been worked to death in japan on
The long-run market supply curve in a competitive market will
Under the UCC, if no price is stated in an offer but the parties express an objective intent to contract, there is reasonably certain basis for providing a remedy in case of a breach, and a quantity term is included in the offer:
Which of the following statement(s) are true for a perfectly competitive firm that is seeking to maximize profits? The best production choice is at a quantity where price is equal to marginal cost. Price is equal to marginal revenue.
Suppose you are studying the market for shoes. Two events take place simultaneously. First, price of leather decreases, and second, consumers' income increases. What will happen to the equilibrium price and equilibrium quantity of shoes?
Compute the output and price of wood working if it is produced under competitive condition without regulation. Determine the socially efficient price and output of woodworking.
Elucidate problem which is posed by any comparison over time of the market values of various total outputs? How is this problem resolved.
Explain how is world currency valued against the US dollar such as Euro and Chinese.
In your own words, summarize the article, "Tourism Investment Monitor," by Tourism Research Australia, May 2015. In particular, what are the main messages of the article? Use appropriate diagrams to answer: Do you think increasing investment in Au..
Receive full credit for this question in previous attempt. Illustrate what level of excess reserves does the bank
Suppose that the tax of $28 is levied on each item sold by a monopolist, and as a result, it decides to raise its price by exactly $28. Why might this decision be against its own best interests?
Guess as to illustrate what might be the four industry concentration ratios for corn growers in the United States
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