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If an industry's long run per unit costs are constant as its output increases then?
A. the firm's long-run economic profits must be greater than zero.
B. the firm is most likely a decreasing-cost industry.
C. the firm is most likely an increasing-cost industry.
D. the firm is most likely a constant-cost industry.
Illustrate what specific factors might have accounted for this event.
q.given the demand function of a monopolistq 100 - pand the cost function faces himherc 100 80 qa. find out
Draw the indifference curve for U = 48. Label at least 2 specific points. Explain why the general method for finding the utility maximizing quantity of inputs will not work for this utility. Be specific about the missing condition on preferences that..
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All of the directors of the XYZ Corporation were present at a meeting called on a Monday evening at 9 p.m. In response, the directors argue that: (1) no illegal activity had occurred; (2) if an illegal activity did occur, it was not at a valid meetin..
The following events occur in the market for good B, which is a normal good: Identify the impact of the event to the equilibrium price and quantity of each event.
One of the objectives of the European Union is to abolish restrictions on the free movement of all factors of production, including labor, services, and capital. Considering the latest financial crisis in Cyprus, would you suggest modifying the EU Ch..
An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
The deadweight loss from a tax of $x per unit will be smallest in a market
Elucidate which among the following is true.
Assume that gross national debt initially is equal to $3trillion and the federal government then runs a deficit of$300 billion. What is the new level of gross national debt? If 100 percent of the deficit is financed by the sale of securities to feder..
Explain how demand for time travel, as well as marginal income, long-run marginal cost also long-run average cost.
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