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If the time-frame at hand is sufficient for all inputs to be variable (adjustable), then the firm is
a. experiencing economies of scale.
b. in the long run.
c. off its expansion path.
d. limited only by the capacity of its fixed capital.
Write a short (2-3 page, double-spaced, typed) essay, identify at least one important entrepreneur that you would consider an "entrepreneurial legend" and state why you consider the person to be (or have been) exemplary.
Suppose that firms become more optimistic about their future profits. Using the AD-AS model (with a Keynesian perspective), In the absence of any policy intervention, what will happen to prices and output over the short- and long-run? What will happ..
Assume the money supply (M) is $1,200 billion, bank deposits (D) are $800 billion and the required reserve ratio is 10%. What would the Fed have to do (in terms of open market operations) to lower the money supply by 5% ? Explain.
q1. cutting the price of a product never increases the amount of revenue you receive. if we want to increase revenue we
Assume that we care about the average welfare of individuals in Indian villages, i.e., we put equal weight on each individual's utility.
HI5003 Economics for Business. Australian Budget in May for 2014. Discuss the various aspects of expenditure and revenue in the budget. Comment on various stakeholders' reaction to this budget like Businesses, Consumers, Employees, Social welfare..
Assume that the job separation rate s is 0.01 (1%) per month and that the job finding rate f is 0.2 (20%) per month. What is the steady state unemployment rate for this economy? In the table from the previous scenario, how many periods does it take f..
From the e-Activity, identify the company, the accounting impropriety or illegality, how it was detected, the outcome, and propose a strategy that might have prevented the situation. Indicate how the strategy should be implemented.
The sub- prime loan disaster and the ensuring collapse of the US housing market have resulted in fewer mortgage loans and in significantly reduced residential construction. prices of lumber and wood building products to plummeted. explain how the res..
What make both the farmer and the rancher willing to trade with one another.
Calculate deadweight loss if U.S. imposes a tariff of 25 cents per bottle of imported wine.
What are the problems with the objective evidence and cost conventions, and how can they be overcome? Your response must be at least 75 words in length.
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