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Question: You have the following information about long-run total cost for the following firms:
a. Do any of these firms experience constant returns to scale? How do you know?
b. Do any of these firms experience diseconomics of scale? How do you know?
c. Do any of these firms experience economics of scale? How do you know?
How rapidly has the money supply (M1) grown during the past twelve months State the rate of growth and the most recent release, use the seasonally adjusted figures. Calculate the rate of growth across the year.
suppose an investor has the utility function urs r - 0.3s2 here r denotes the expected rate of return r of their
Use the utility function to answer the questions, below: (x1, x2) = exp (√(x 1 ) + √(x 2 )-Derive the Marshallian (ordinary) demand function for good1 and 2, x i *(p,l), i =1,2 . Then derive the indirect utility function (p,l).
Compute the employment rate and the level of productivity for each year and for each five-year period, compute the percentage change in the labour force, the employment rate and the level of productivity
Pick one product with which you are familiar. Complete three to five line items such as Job shop, batch, assembly line, or continuous flow approach, on the Process Design Matrix.
The equation for a demand curve is P=2/Q. What is the elasticity of demand as price falls from 5 to 4? What is the elasticity of demand as the prices falls from 9 to 8? Would you expect the answers to be the same? Why/why not?
Discuss the rationale for government regulation of firms with market power. Is regulation in the consumer’s interest or in the producer’s interest and how might this control special interest groups?
Define what is the entire relationship between the price of the good and quantity demanded of the good.
The demand schedule (or demand function or curve) for a good shows the total quantities (Q) that buyers are willing and able to buy at various prices (P) in some period of time. For example, here is a demand function illustrating the very special ..
What is the first thing that should be done when troubleshooting a faulty monitor?
What is the Fed Funds rate and what happened to the Fed Funds rate in the days following the collapse of Bear Stearns and then of Lehman Brothers?
Assume nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. In 1999 and 2001, real GDP rose by what percent?
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