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What do you understand by the law of diminishing returns? If diminishing returns have set in then what do you think is happening to the short run costs? Why
Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence..
What are the economic constraints firms of different sizes encounter?
q1. beer n pizza is complements because they are often enjoyed together. when the price of beer rises what happens to
Electric cars: Now consider the invention of cheap electric vehicles. Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected?
Illustrate what is the real GDP in each year, given that the price index has risen from 100 in the base year to 104.5 in Year 1 and up to 108.3 in Year 2.
What is the value of an investment that pays $20,000 every other year forever, if the first payment occurs one year from today and the discount rate is 12 percent compounded daily? What is the value today if the first payment occurs four years from t..
Was the value of Melanie's consumer surplus from this purchase $79.95? $63.96? $15.99? Or some other amount? Briefly explain
You have just started a new job and one of the fringe benefits is a company contribution of $5,000 every year into a retirement savings account. Assuming the contribution amounts remain unchanged and that the account earns an average of 8% per year, ..
Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster.
If velocity ?(V) and aggregate output ?(Y) remain constant at $4 and $1,000 billion?, ?respectively, what happens to the price level ?(P) if the money supply? (M) declines from $425 billion to $350 billion?? Originally, what is the price level?
Which of the following can bring about an efficient level of public goods being provided by the government? The marginal benefit curve of a public good.
Compare and contrast Sole Proprietorships, Partnerships and Corporations by describing differences in the following areas. briefly describe each of the seven roles of government and provide one specific example not listed in the textbook of the Unite..
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