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Draw a graph that shows increasing Average total cost from ATC to ATC prime. include Marginal cost change, marginal revenue and the supply and demand curve that reflects this change.
What were the deficiencies of context present precluding any systematic analysis?
a. compare the circuit of production under capitalism with the circuit for your family in producing dinner.b. how do
If you could live anywhere in the world, where would you choose and why? What is one location in the world you would never, ever live? Why not? Be sure to consider and discuss the economic factors affecting your decisions, especially the labor market
a why and how might education have externality effects?b in our discussion of education and wages we assumed that
farmer dorr figures that her fixed costs are 2000 and the relevant portion of her total cost curve
Explain the law of diminishing returns in your own words. This idea can be applied to other concepts in economics. Think about your own utility from consumption. Give a personal example of diminishing utility.
Consider two competitive economies that have the same quantities of labor (L = 400) and capital (K = 400), and the same technology (A = 100). The economies of the countries are explained by the following Cobb–Douglas production functions:In which eco..
the study of government regulation and the competitive environment for business is relevant to all those who study
suppose there are two types of people who need health insurance high-risk and low-risk consumers. high-risk consumers
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP).
Should the government break up a monopoly into a large number of perfectly competitive firms? Why?
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,898 per year, paid at the beginning of each year, in which case maintenance is provide.
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