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until marginal cost begins to rise. until total revenue equals total cost. until marginal cost equals average variable cost. as long as marginal revenue is greater than marginal cost.
Using the AD-AS model explain how the economy will adjust in the long run. Should the government undertake any proactive fiscal or monetary policy in this situation?
Normal 0 false false false EN-US X-NONE X-NONE Introduction: Water is a ne..
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
jennifer trucking company operates a large rig transportation business in texas that transports locally grown
Is there too much or too little smoking? Explain why smoking bans on bars and restaurants do not efficient solve an externality problem.
What explains that marginal cost increases as production of a product increases? inreasing cost law decreasing average cost property diminishing marginal product property law of increasing marginals thats just a sample this is not the test jeeff
One of the banking innovations in the 1960s was the payment of interest on certain types of demand deposits. Assume that interest is paid on money at the rate Rm, which equals (R-x), where x is exogenously determined in nominal terms by market str..
The category of business tort known as wrongful interference with a contractual relationship has three basic elements: (1) an enforceable contract between two parties, (2) a third party's knowledge of the contract, and (3) the third party's ind..
Explain the di?erence between an autoregressive and a moving-average process. Why are AR and MA processes referred to as stationary processes?
A survey of 800 workers indicated that approximately 465 have invested in an individual retirement account. Motional data suggests that 48% of workers invest in individual retirement accounts. Test an appropriate hypothesis with a=0.05 and state your..
Alice and Bob are trapped on an otherwise uninhabited tropical island. They survive by picking coconuts and catching fish. Each works 10 hours per day. If each devotes 5 hours per day to each activity, this table describes how much of each goo..
Is there a dominant strategy? What is (are) the Nash equilibrium (equilibria)? Explain. Is there a mixed equilibrium strategy? What behavior would you predict for Delta in a one-play game and why
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