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Increasing returns to scale
Here is the question:
Explan the increasing returns to scale as a basis for international trade. Be sure that you define the relevant concepts, describe important features of such trade, and contrast these features with those of trade due to other causes.
What is the level of price, output, and amount of profit for an unregulated monopolist? Analyze the effect of regulation on the allocation of resources. Which situation is most efficient? Which situation is most likely to be chosen by government? ..
Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:
Decide what sports were like NFL before the introduction of the salary cap?
Discuss how rapid inflation can undermine money's ability to perform each of the three functions.
Illustrate what questions would you suggest to the CFO to ask to marketing department and what is your recommendation to the CFO.
Critically analyze also elucidate real-life economic problems also opportunities by applying economic concepts, principles, and theory.
Illustrate two policies could you use to reduce the total amount of emissions. Explain how would you decide what was the best level of emission reduction.
State with brief reasons whether the following statements are true, false, or uncertain.
Explain why do you think we have laws that prohibit discrimination in pay based on sex or race but permit employers to discriminate in pay based on education or experience.
Illustrate what the government should do about it, how would each economist explain unemployment and what policies would each advocate.
Illustrate what is output elasticity in this case. What sort of returns to scale does the firm face.
Mmachines of Newspaper vending are designed so that once you have paid for one paper; you could take more than one paper at a time.
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