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If all firms, existing and potential new entrants, face decreasing industry costs in the long run under perfect competition, the industry supply curve will:
Necessarily be upward sloping
Slope downwards if there are external diseconomies of scale
Slope upwards if there are internal economies of scale
Only be horizontal if there are constant external costs with respect to industry size
Slope downwards if there are external economies of scale
What is value of net domestic product. What is value of net investment.
Distinguish between ongoing demand pull and ongoing cost push inflation. Carefully draw them. Why might it be difficult to establish the extent to which a given rate of inflation is either demand pull or cost push?
What is the expected profit of simultaneously pursuing both programs.
Suppose that business buy a total of $120 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. how much in revenues do businesses receive in the product market?
compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950s. applying the
indicates that the short run price elasticity of demand for tires is 0.9. if a tire store raise the price of a tire from $50 to $60, elucidate by what percentage should it expect the quantity of tires sold to change.
q. a pharmaceutical firm faces the following monthly demands in the u.s. and mexican markets for one of its patented
demand formula is given as p150-3q and we only have 40 tickets to sell and that the mc0 and we suppose to figured out
Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the tw..
Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the economy. B. Discretionary fiscal policy refers to the change..
q1. the average 15- year- old purchases 12 cds and 15 cheese pizzas in a typical year. if cheese pizzas are poorer
Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions.
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