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Describe an activity or process or product of your chosen company that exhibits economies or diseconomies of scale.
Describe the source of the scale economy. How could the organization exploit the scale economy or diseconomy?
The Kingdom of the North and the Iron Islands produce 2 goods
Sometimes market activities have unintended positive or negative effects outside the market scope called externalities. As a rule maker concerned with correcting effects of gases
What are intermediate goods? Why do economists exclude the value of intermediate goods while calculating national income - What is aggregate demand? What are its major components - Explain some of the steps that a government would wish to adopt in an..
Write down the Lagrangean for problem and Write down the first order necessary conditions (FOC) for a minimum.
A U.S. resident can earn 6 percent interest on a one-year bank deposit of $100,000 at home. Alternatively, she can convert the $100,000 into Euros and earn 4 percent on a one-year bank deposit in Germany. If the exchange rate is initially 1.5 Euros p..
Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $200 per month.
If the total cost of producing 20 units of output is $1000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output?
Ageless Corporation has a patent for a new promising age defying moisturizer cream. The yearly demand, marginal revenue, and marginal cost functions for this cream is given:
What is the decision to be made, what is the chance event and what is the consequence for this problem? How many outcomes are there for the chance event?
Describe the failures of the first experiment. What were its outcomes - What have been the results of the second experiment, the transition of Russia and Eastern and Southeastern Europe to market-based economies?
A firm faces a perfectly elastic demand for its output at a price of $6 per unit of output and each hour of labor produces five units of output. For L number of workers hired each hour and w hourly wage rate, the firm faces an upward- sloped labor..
1. why is the right of private property an essential characteristic of a market system?2. rivalry and excludability are
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