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Q1. A firm in a purely competitive industry is currently producing 1000 units every day at a total of $450. If the firm produced 800 units every day, its total cost would be $300; also if it produced 500 units every day, its total cost would be $275. Illustrate what are the firm's ATC every unit at these three levels of production?
Q2. After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics?
Sheila budgets $9 per week for her morning coffee with milk. She likes it only if it is prepared with 4 parts of coffee and 1 part milk.
How will the unemployment rate during the current period compare with the natural rate of unemployment.
In recent decades Americans have increased their purchase of stocks of foreign base companies.
Does the production technology exhibit increasing/decreasing/constant returns to scale.
Write the total and marginal revenue functions.
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
Which resource of production is the only one which nations can significantly increase in the short term.
A cousin of James Darwin, examined the relationship between the height of children and their parents
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
Explain how does the existence of money reduce the costs of making transactions relative to a society based entirely on barter.
If consumption and government purchases go up, what happens to GDP in the long run. Show this graphically.
Given the difficulties which the regulation of public utilities faces that would it not is better to nationalize public utilities as several European countries have done.
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