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Why might learning by doing decrease the long-run average cost of production?
A. As output increases, firms begin to experience increasing returns to scale.
B. As cumulative output increases, managers become unable to schedule the production process as efficiently.
C. As cumulative output increases, engineers gain experiences that decrease costs with increasing defects.
D. As output increases, the production process begins to exhibit diseconomies of scale.
E. As cumulative output increases, workers become more adept, and the speed at which they product increases.
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. What is the average and marginal cost of unit production (again, measure output in thousands of uni..
After one year, your original $200 in savings account became $212.64. Find the effective rate of interest?
Identify also Talk about an industry or a marketplace segment companies were the "wrong" size for the long term.
20 years ago John invested $10,000 in a mutual fund. The value of his investment declined by 19% during the first year and then declined another 30% during the second year. 18 more years have passed, and john's cumulative return on the 20 year period..
Assume that Country A has a population of 500,000 and only produces 1 good: cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfil all the demand. What is the composition ..
The market supply curve slopes upward because:
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs
Use EViews to get the correct critical t values for constructing the interval.
What will happen to price at which fisherman can sell lobsters. What will happen to price paid by U.S. consumers. What will happen to quantity consumed by U.S consumers.
In the 21st century Explain how has globalization affected trade restrictions also the development of common markets
If $7,000 is borrowed and repaid with four quarterly payments of $600 during the first year and four quarterly payments of $1,500 during the second year after receiving the $7,000 loan, what is the effective annual interest rate for the loan?
The graph below shows the demand and supply curves of the market for gasoline as well as the wedge that the tax creates. Explain how much is the total tax revenue.
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