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Economies of scale exist whenever long-run average costs
A. increase as output is increased.
B. decrease as output is increased.
C. remain constant as output is increased.
D. none of the statements associated with this question are correct.
Explain what the lock-in effect is for capital gains that are taxed on realization. How can the effect lead to inefficient allocation of capital? b. Explain what a Roth I.R.A. is and show how its availability affects a competitive consumer's budget s..
q1. the coase theorem suppose a firm pollutes a stream that has a recreational value only when pollution is below a
The 2008 Congressional farm bill contains subsidies for corn-based ethanol production. Currently, corn grown for ethanol production accounts for 24% of the total corn crop grown in the U.S. How does this subsidy impact the market for corn grown for e..
higher price and quantity in equilibrium
Classical economists believe that the best monetary policy is:
If passengers can in effect sell their confirmed reservations when a seat shortage arises, why can't passengers sell their right to land at a crowded airport when a shortage of landing slots arises?
Discuss the concepts of marginal product and marginal cost. Also discuss the importance of trends in these and other economic measures and how time-series analysis (trend analysis) can be used or misused to make important management decisions
What is supply and demand. Illustrate what is the value of the tax revenue collected from the buyers. Why wasn't the government able to collect $12 per tire on 60 tires sold( the original equilibrium quantity).
A industry is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do.
According to classical macroeconomic theory, changes in the money supply affect. When the Fed buys government bonds, The “yardstick” people use to post prices and record debts is called. According to the classical dichotomy, which of the following is..
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3581 per year, paid at the beginning of each year, in which case maintenance is provide. What is the most she should pay f..
Select one significant environmental issue. What are the costs and benefits of our current environmental issues from an economic standpoint? What type of market failure could those problems is defined as? What can you as an individual do to help in a..
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