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After learning short run and long run cost functions of industries, please give examples of industries which belong to the increasing return to scale, decreasing return to scale, and constant return to scale respectively. Explain why your pick following to a certain type of industry as well.
The demographic transition (transformation) is a theory which explains population growth patterns. Describe each stage and evaluate whether this is a good model to be used for all countries in the world.
What is the value of the total withdrawal (Savings + Taxes + Imports) when the economy is in equilibrium? Where I don't know the vaule for S (Savings).
Based on heckscher online theorem. As a labor abundant country exports the labor intensive good X and imports the capital intensive good y from a capital abundant country.
Elucidate how long must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
In the numerical example given in the text, the inverse demand function for the depletable resource is P = 8 -0.4q and the marginal cost of supplying it is
Suppose that there is no growth in real GDP and inflation is equal to -2% per year. (Negative inflation is the same as deflation.) Measured in ducats, illustrate what will GDP be equal to next year.
The demand for 1,000 units of a part to be used at a uniform rate throughout the year may be met by manufacturing. The part can be produced at the rate of 3 per hour in a department that works 1,880 hours per year. The set-up cost per lot is estimate..
A site becomes wildly successful in the United States, and you decide to export overseas. Answer the following:
An auto-part manufacturer is considering establishing an engineering computing center. This center will be equipped with three engineering workstations that each would cost 25,000 and have a service life of five years.
The purposes of assessing the consequences of these provisions for strategic decision making.
Which of the following best defines basic research?
A study was done of all homicide convictions in the State of Florida between 1976 and 1980 in order to examine if the application of the death sentence was racially biased. “Race of the suspect” is a lurking variable in this situation. “Race of the v..
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