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For decision making for the firm with market power, fixed costs are:
a. a key element in the markup.
b. irrelevant.
c. the same as marginal costs.
d. opportunity costs of production.
Analyze and discuss the roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita. Then discuss how governments can contribute, or discourage, long run growth th..
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.
Illustrate what management-financial considerations would required to be considered. Elucidate why the firm's short run production has only one ‘rational' stage of production.
Solve for market equilibrium price and quantity. Illustrate your answer with a diagram of market. What are dollar values of consumer and producer surplus.
Would the sales of pollution rights or certificates be an efficient means of allocating a given amount of pollution.
Environmentally appropriate production technologies also precuts with eco friendly packaging also recyclable materials.
suppose you are considering growing and selling maize. Illustrate what is the profit maximising out put.
Do you think that competition can be counted on to discipline the industrial business firms of a modern economy?
An experienced salesman offers his service (help you perfectly price discriminate) for $800. Based on c) and d), do you accept the salesmans offer? Show work, and explain briefly.
Evaluate the Keynesian economists, besides John Maynard Keynes. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
For Firm A, when four units of output are produced, total cost is $175 and average variable cost is $33.75. What would average fixed cost be if ten units were produced.
Write an explanation for an interrogatory senator outlining explain how your expansionary acts would operate and what would be the effects on the economy
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