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Economic Determinant
What assumption concerning economies of scale will give rise to a determinant and optimal scale of the firm in Long run equilibrium in perfect competetion?
Explain why marginal product first rises, then declines, and ultimately becomes negative. What bearing does the law of diminishing returns have on short-run costs? Be specific.
Decide what sports were like NFL before the introduction of the salary cap?
Elucidate the fiscal policy also which factors limit its effect.
How might there be increase in total spending on a child's education in response to providing a fixed level of education?
What happens to labour supply increases?-He will work more as wages increase, but only if n > 0.
Elucidate which of the following theories of expectations holds that individuals usa all information available in forming expectations.
A construction manager earns $70,000 every year working for a regional home builder decided to open his own home building company.
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets-What is the optimal level of production of wine decanters?
What is the marginal physical product of the fifth worker? What is the weekly wage of the fifth worker? What does the price of output need to be in order for the firm to profit from hiring the fifth worker?
Assume you flipped an honest coin 10 times and heads came up 8 times.
Explain why is private property and the protection of property rights, so crucial to the success of the market system.
Discuss the short-run movement toward equilibrium in the currency markets in a flexible exchange system.
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