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1. Describe the product, production methods, scale of production, and sources for raw materials. What technologies are used?
2. Describe the competitive environment within the industry. Is there a dominant firm? Are the other firms follow or actively compete? How do they compete? (For example, by using price, advertising, quality or some other variable.)
Which of the subsiquent arguments is the president using to justify the trade restriction on ball bearings
Which one may under present quality. Describe concepts of prospective also retrospective payment for services.
Assume that a firm employs labor and capital by paying $40 per unit of labor employed and $200 per hour to rent a unit of capital. What is the firm's optimal combination of capital and labor?
The firm increases its entire size until it makes 30,000 units a week. What would total cost be if the firm faces constant returns to scale?
The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is the publishing house making the optimal input choice.
Analyze a market environment with tacit collusion, including deterrents from entry.2. Evaluate the profitability of entering the market.3. Examine how the time horizon affects the profitability of entering the market.
bananas can be produced. Between these points. Illustrate what is the opportunity cost of producing a pound of apples.
Explain why it is in the best interest of society to treat these types of property the same or differently.
If you turn this measure of cost around, illustrate what is the prospect cost of cheese in liters of milk per gram of cheese.
Explain the difference between Discretionary Fiscal Policy and Automatic Fiscal policy. Provide an example of each.
the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.
Analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a country during a natural disaster.
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