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If the? long-run average cost curve continuously slopes upward as output? rises, minimum efficient scale would be
a) at the midpoint of the? long-run average cost curve.
b) nonexistent.
c) zero.
d) at the rate of output associated with the smallest sized plant the firm can build.
Find the profit-maximizing price and quantity in each market and in which market is demand more elastic?
During much of the 19th century in Great Britain, independent auditors were not only allowed to have an equity interest in their customers but were needed to invest in their clients in certains circumstances.
DL = SL in a perfectly competitive input industry or for an imperfectly competitive input industry that hires heterogeneous labor (or practices wage discrimination) but not for an imperfectly competitive input industry that hires homogeneous labor (o..
Describe Okun's law. Do you believe Okun's law holds up in the current economy? Explain the relationship between unemployment and gross national product (GNP).
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
Suppose the Fed purchases $1,000 worth of Treasury bonds. Suppose also that the required reserve ratio is 10%. How much money will be created in the banking system?
When a monopoly firm is operating in a range of output where total revenue is increasing as output increases, then marginal revenue
q. a facility for a production plant can be purchased for 155000 with a down payment of 25000. consider the following
Which approach to motivation would you apply to encourage female associates in your firm to "self-promote" more actively. Explain your choice of approach.
What effect each of the following events would have on LRAS? Would LRAS shift left, right or no effect? Explain why.
Explain how is the activity reflected on the balance on current (BCA) account different from the activity reflected on the capital and financial accounts (BFA).
George and Bill are stuck together on a desert island. There are two goods, Coconut (C) and Bananas (B). George has production function 5C+B=40, while Bill has production function C+3B=36. If they could not trade, George would choose to product 6C, w..
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