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Question: Which of the following could be considered a monopoly?
a. Kate Hudson (an actress)
b. BC Hydro
c. the only doctor in a small town
d. Ford Motor Company
The Mor Tex Company assembles Garments by hand even though a textile machine exists that can assemble garments faster than a human.
A firm uses a single plan with costs C = 160 + 16Q + .1Q 2 and faces the price equation P = 96 - .4Q. The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units.
n your answer, discuss the Federal Reserve's use of open-market operations to influence the money supply and the respective consequences of such actions.
suppose a consumer has 80 to spend on movie tickets and dvd rentals this month. movie tickets cost 5 and dvd rentals
From each pair of goods, pick the good for which demand will most likely be more elastic:
Relate to the previous task also define for both examples the current market situation - Surplus or Shortage.
Assume you are the plant manager for Bravo Pork Rinds, which produces pork products in a market that approximates perfect competition. Due to a slow economy, business has been slow and you are losing money every month. The owners have asked you wh..
For a perfectly competitive firm the price is $2 per unit. At this price the firm is producing and selling 10,000 units. It costs $1.50 to produce the last unit. Should the firm produce more? Less? Why?
A firm sells 1000 units per week. It charges $70 per unit, the average variable costs are $25, and the averagecosts are $65. At what price would the firm consider shutting down in the short run?
Using an example from your work or daily life, describe an "is-a" relationship. Why is an "is-a" relationship important when designing an inheritance between classes? What are the differences between "is-a" and "has-a" relationship?
If salary in the private organization are set equal to the value of the marginal product, how much will they rise yearly.
Choose five innovations associated with the Industrial Revolution and five innovations from the Technological Revolution. For each innovation, identify the effects it had on individuals, societies, businesses, and politics.
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