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1. What factors give rise to increasing returns to scale and decreasing returns to scale?
2. Define and then derive the expression for the marginal rate of technical substitution.
Find the equilibrium market quantity and price if the market demand is Qd = 320 - 30p. Part four - how much output will each firm produce?
external benefit generated by sale of marginal widget is $100, regardless of how many widgets are purchased.
Explain what is meant by "contribution analysis". Carefully define the term and provide examples to illustrate it.
An individual consumes a positive amount of good X and good Y. As a result of an excise tax on good Y, its price doubles. At her new equilibrium, the individual consumes the same amount of good X as before.
q1. 1. herzberg concluded that pay was not a motivator. if you were paid to get better grades would you be motivated to
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
The data is listed per quarter, and real GDP data was calculated using 2005 as the base year. Fill in the columnns for the GDP deflator and for the percent increase in price level.
Suppose you know that the actual annual rate of return on a year of education is 5% for both types. Given the numbers in par (c), which type (Alphas or Betas) most likely receives more pure enjoyment from education?
Elucidate however, you do not have to start making payments until you graduate from college 2 years from now.
Your study partner is confused by upward-sloping short-run aggregate supply curve and vertical long-run aggregate supply curve. How would you explain why these slopes differ.
Select also research an industry where there has been a pattern of change in a particular market model
Illustrate what kinds of statistics, graphs, or illustrations does author include. In Illustrate what ways do se visuals strengthen author's arguments.
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