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If a firm experiences diseconomies of scope, then it:
(A) experiences constant returns to scale for all outputs.
(B) experiences economies of scale for one of the outputs.
(C) can experience either economies of scale or diseconomies of scale for all outputs.
(D) experiences diseconomies of scale for at least one output.
(E) experiences decreasing returns to scale for at least one output.
Why do consumers want to save more in the weak economy? What influences our consumption? Should governments be made by law to balance their budgets, or should they be permitted to run deficits sometimes? Should you go into debt sometimes? Explain?
According to the Purchasing Power Parity (PPP) condition, what is the relationship between changes in price levels between two countries and changes in their nominal exchange rates?
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
If GDP increases in nominal terms from $600 billion in 1994 to $663 billion in 1996 and the price index (1992 = 100) rises from 120 to 130, how much real growth (in 1992 dollars) in GDP occurred between 1994 and 1996?
Indicate profit- maximizing level of output. If the price was $3 and fixed costs were $5, what would vaiable cost be? At what level of output would the firm produce?
Describe the role and function of the International Labour Organization (ILO) Administrative Tribunal. Use the CSU Online Library and other sources to research articles concerning this organization. What makes this organization so important to emp..
Consider an equilibrium in which someone is using the good. Is social welfare maxi- mized at this number of users, or would it go up if there were more users, or would it go up if there were fewer users? .
Suppose a household's annual take-home pay in 1951 was $8,320. Elucidate what would be an equivalent home pay in 1982.
You put money into an account. One year later you see that you have 5 percent more dollars and that your money will buy 6 percent more goods.
why is growth in average labor productivity viewed as a key factor in determining long-run living standards?
Illustrate what are your views on free trade versus protecting domestic marketplaces through tariffs also import restrictions.
If the cost of plaster and labour is $9 per gnome, what is the lowest price of gnomes at which there is a positive supply in the long run? (Remember that in order for there to be a positive supply in the long run, producers need to get their money ba..
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