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What does it mean when we say that a firm enjoys increasing returns to scale? What are some factors that contribute to a firm achieving increasing returns to scale (or economics of scale) in the long run?
For a monopolist that engages in price discrimination when the price elasticity in market 1 is less (in absolute value) than in market 2, the optimal price in market 1 will exceed the optimal price in market 2. Joint products are_____
q.when milton friedman and anna schwartz in a book titled a monetary history of the united states 1867-1960 uncovered
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -2, while group 2’s is -4. Your marginal cost of producing the product is $40. Determine your optim..
In some states, mining for coal leaves large amounts of rubble, which poses flooding problems; causes land damage also is unsightly.
Calculating MPC, In one year, a consumer's income increase by $400 and her consumption increases by $120. Her marginal propensity to consume is equal to.
q.consider a market consists of a dominant rm producing the majority of the market supply and large number of small
Now, the government realizes aforementioned situation that the one firm controls the industry. Economic officer from the government asks you to fix this problem. Provide your solution by applying the price regulation scheme and you have to give me a ..
Which of the following would shift the short-run aggregate supply curve to the right?
Elucidate the opportunity costs for the manager of being in this business relative to returning to his old job. what is the economic profit of the business.
How much income will each acre generate. What are the TR moreover MR for each acre.
Introduce and explain the concept of social welfare - define and describe the laws of demand and supply
Is market capitalism necessary for freedom? Explain why or why not. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not? What causes macroeconomic instability of market capitalism? Explain.
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