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The size of the market will help determine which of the following factors:
Select one:
a. MES (Minimum Efficient Scale)
b. The development of firms specializing in support activities.
c. The internalization of production that achieve economies of scale.
d. All of the above factors are influenced by the size of the market.
e. Only answers 'a' and 'b' are influenced by the size of the market.
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
If the utility function shows declining marginal utility of income for an individual, the individual must be a : a)risk-neutral person b) risk-taker c) risk-averse person
An economy is operating with output $400 billion below its natural level, and fiscal policymakers want to close this recessionary gap. The central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.
According to the rule for optimal input usage, a film should hire a person as long as her marginal income product is greater than her marginal cost to the company.
1.name 5 stylized facts about the business cycle.2. rank order these three ideas from most optimistic about how a
Bill is thinking of investing in a Silicon Valley start-up. His von Neumann-Morgenstern utility-of money function is U(w) = 9+w-(w^2/100) where w denotes wealth measured in thousands of dollars (thus w = 1 means $1,000). Would a risk-neutral person m..
Elucidate how much should Joseph's income increase to compensate for the rise in the price of roses?
q1. what are the most important things to consider when making a pricing decision for a good whose demand as well as is
When the average total cost curve is rising, then the marginal cost curve will be?:
Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
Illustrate what is the expected value of your earnings from investing in General Motors stock.
Which of the following is the primary disadvantage of producing inputs within a firm?
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