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What is the relationship between economies of scale and a natural monopoly?What is simultaneous consumption and how does it affect economies of scale?What are network effects and how do they contribute to economies of scale?
The Bureau of Labor Statistics reported that in January 2000 total labor force was 140,910,000 of a possible 208,782,000 working age adults.
Springsten Music Corporation earned $820 million last year and paid out 20% of earnings in dividends. By how much did the company's retained earnings increase?
The business world become more competitive. If we are to compete with firms in Singapore, Indonesia, and Malaysia, we must keep our costs down. Labor accounts for 75 percent of expenses.
Illustrate what is included in determining any of the measures of money supply. what happens to the equilibrium price level and output rate.
The government did nothing to stem the decline. From the point of view of economic policy, elucidate what would you think was the reason.
Techland and Clothworld are 2-nations with the similar number of employees. In Techland each employee can make 4 units of technology OR 4 units of clothing.
Illustrate what it says regarding the current state of the economy and the latest reading and trend.
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
The average weekly earnings of bus drivers in a city are $950 with a standard deviation of $45. Assume that we select a random sample of 81 bus drivers.
In a closed economy without a government sector, consumption is determined as 80% of the income available to households. Investment is autonomous at a level of £450.
An explanation of why or why not business with other countries is beneficial to an economy and how international trade fits into the circular flow diagram.
As compared to high Japanese inflation may result in an increase in the supply of yen for sale
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