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Q1. How short is the short-run production period?Enlighten cost advantage of a firm operating at constant returns to scale
Q2. What is the impact of the shrinking world on whether small to medium sized businesses should engage in international trade?
Q3. Explain the statement, "Fixed costs exist only in the short run. In the long run there are no fixed costs."Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with the different time frames for the short run. Enlighten why this is the case?
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage interest payments. A Typical consumer's marginal tax rate is 25% and the elasticity of demand for new homes is -1.5..
q1. should citizens of the united states reduce their workweek in order to increase productivity and the standard of
What other economic factors are affected when taxes are raised or lowered, and how are they affected? Should the government increase tax rates on everyone as a way to equalize incomes and wealth?
Prior to the deal, three soft drink companies sold beverages on campus; now no other soft drink company is allowed to sell its products on campus or at university events. What is the beneficiaries of this deal.
Use the aggregate expenditure model to explain the following statements from the opening news article.
Illustrate what price also quantity would prevail after the imposition of the tax
Label aggregate demand curve as AD and aggregate supply curve as AS. Be sure to label axes appropriately. Identify and describe changes in AS-AD graph above that would result from cost-push inflation.
What are the short-run equilibrium values of the price level, expected price level, output, and unemployment rate. Illustrate what are the values of cyclical unemployment and unanticipated inflation.
What is social responsibility? How important it is toa customer and an employee?
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
The terms of the loan are not renegotiated, so the borrower has a guaranteed nominal interest rate of 10%. What is the expected real interest rate for this loan?
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