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1. Describe the nature of fixed, variable, and marginal cost
2. Explain the law of diminishing return
3. Illustrate the difference between production and investment decisions
Imagine how managerial decisions may be easier or more difficult if there were no antitrust restrictions in the U.S. Provide an example to support your response.
If there are barriers to entry into a market, it is possible for the existing firm to earn positive economic profit. All of the following explain this concept except; 1. it is possible for a firm in this situation to charge any price it wants and thu..
Provide reasons to explain what government would have to do to keep the unemployment rate at 3 percent."
Identify economic forecasts for real GDP, the unemployment rate, the inflation rate, and a key interest rate. What do your forecasts imply about the relative strength of the economy over the next two years.
You are an efficiency expert hired by a manufacturing firm that uses K and E as inputs. The production function for a competitive firm is Q = K1/2 E1/2. The firm sells its output at a price of $32, and can hire labor at a wage of $12.44 per hour. In ..
Evaluating new vehicle technologies to reduce costs is important for companies like UPS also other companies involved in parcel delivery services.
Illustrate what is the capital account balance. Illustrate what is the financial account balance.
Explain how the United States calculates unemployment and why many economist do not find this as a real economic indicator. How is unemployment calculated in other countries? Give two examples. What are your thoughts and ideas on this?
When price controls are imposed on any product market,
q1. explain what does the axiom of strict convexity of involve about preferences? also clarify in words as well as
Explain the differences between external costs, private costs, and social costs and how the presence of external costs leads to market failure.
Draw a supply and demand graph for both the short run and long run money markets and explain the impact of an increase in the money supply on each market.
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