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A sports store puts designs 12 different designs on sweat shirts. Setup between each design takes an hour and costs $18,000. Once setup, at a cost of $8,000 they can produce 1,000 units. Does this production exhibit scale economies or scope economies? Please show the appropriate rationale modeling you use.
The slope of a budget constraint is the “rate of exchange” in the market. What is the slope of an indifference curve? a. The marginal utility of the product being purchased and consumed. b. The relative marginal consumption value. c. The opportunity ..
Illustrate what is the likelihood all four of the selected flights arrive within 15 minutes of the scheduled time.
Can these equations be reliably estimated using OLS? Explain. Solve for the reduced-form equations of this model.
Under either a gold standard or a pegged-rate system, what changes in the money supply are necessary in order for effective adjustment to take place? Why are these changes necessary?
Assume that the industry you wrote about in Assignment 3 wants to expand and has to make some longterm capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
What is an individual depositor'spayoff when he withdraws at t = 2 as a function of the number of remaining depositors who withdrew at t = 1?
Suppose a group of people decided to create their own economic system with cartons of milk serving as money. If we decided to use this “liquid asset” as our medium of exchange, and all prices were measured in cartons of milk, milk would still not be ..
Identify the stakeholders in this case. Explain the impact of the fraud on each of the stakeholders. In case 9, Healthsouth: The Rise and Fall of the Scrushy Empire
Compare and contrast the effects of a quota and a tariff on imports. Be sure to include both short-run and long-run effects in your answer. Differentiate between the current account balance and the capital account balance.
What would be benefits of action. What would be costs. How would you decide what was best level of emission reduction. Why do you think your approach would be better than others.
Consider the following model of trade between Iceland and Finland. There are two goods: Fish and Wheat. The only factor of production is labor. Each Icelandic worker can produce 1 unit of fish or 1 unit of wheat per unit of time, while each Finnish w..
q1. illustrate what are the reasons for differences in price elasticity of demand between different products? explicate
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