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Assume a competitive industry is in long-run equilibrium and firms in the industry are earning normal profits. Now assume that production technology improves such that average total costs decline by $5 a unit. Describe the process this industry will go through as it moves to a new long-run equilibrium.
Illustrate what are elements of Circular-Flow Diagram. Illustrate what concepts does diagram illustrate.
Insurance agents receive a commission on the policies they sell.
Should Roscoe's Rascals match the price offered by the competitor.
Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again.
Illustrate what is the relationship between the Phillips curve, cumulative demand also cumulative provide.
Is SPC employing labour and domes in an optimal ratio, assuming that substitution of resources is possible. Elucidate. Conclude marginal income products for exterminators and for domes/pumps employed by SPC.
Italians focus on past; Americans focus on present. Italians therefore should generally be more resistant to change efforts than Americans. Does culture influence how change efforts will be implemented.
Elucidate how an individual buying a car would prefer a free GPS system to a free leather seat upgrade.
Illustrate what would happen to the profits CPI makes via their toothpaste division.
illustrate what is the specific marketplace-failure justification for governing spending on public universities
Not long ago an employee came into my office asking for a wage increase. I responded by asking what increase in productivity the employee brought to the University in order to merit such an increase.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital
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