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Using graph, illustrate the effect of an increase of the input price on the production and profit of a one input-one output firm with decreasing return-to-scale technology?
Illustrate what are the levels of income every worker and consumption per worker.
q. suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if they are each
What is the firm's profit-maximizing (or loss minimizing) output (Q) level? What is the amount of its economic profits (or losses) at this output level? What would be the firm's decision at this price/output level?
What is the current macroeconomic situation in the U.S.? What should the Fed do about it? What monetary policy tools should the Fed use to achieve the result(s) you just recommended?
The maintenance foreman of a plant in reviewing his records found that maintenance costs on a large press had increased with sales of a product that will decline in the future. 5 Years Ago $600 4 Years Ago $700 3 Years Ago $800 2 Years Ago $900 Last ..
Evaluate the relative importance of economies of scale and comparative advantage in causing the following.
Illustrate what is true about the prices they are able to charge and their revenue if they try to practice second degree price discrimination as the Bills did.
The own price elasticity of demand for gasoline is estimated to be 0.6.
the changes that would occur to the jalapeno pepper market if suddenly Mexican food became popular, especially spicy Mexican food.
Illustrate what additional effects follow this initial effect. Illustrate what is total effect of tax cut on aggregate demand.
Suppose that it take $100,000 of steel to produce $2,000,000 of cars. If the nominal tariff on steel is 10% for the steel and 20%for cars, what is the effective rate of protection for the steel industry?
Ilustrate what concern would you have about this sale and or lease back contract. Explain how would you price these two events differently.
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