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1. What is the minimum efficient scale of production?
2. What are economies of scale and diseconomies of scale? What factors cause these economies or diseconomies
3. Explain the concept of the learning curve and its importance for a firm.
individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry.
The Belford family owens a farm near San Angelo, Texas. Three alternatives exist for how to use the farm: a.) Grow cotton. Cotton yield would be 500 pounds per acre. The price of cotton is $0.96 per pound and production expenses are $ 285 per acre.
For a good or service to be considered a ‘public good’, it must meet at least one criteria. Think of one good or service (other than education, healthcare, police/fire) that you believe is or should be classified as a public good and explain how it m..
Suppose the market demand curve is P=40-2Q and the constant marginal cost of production is MC = 20. Which of the following is a valid expression for the collusion curve?
Suppose production function for burritos at Chipotle is Q =4k^1/2 L^1/2.They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20. What is Chipotle's short r..
What is "crowding-in" effect? Explain the factors which determine the strength of the crowding in effect. What is "crowding out"? Why is it important in discussions of fiscal policy?
A mechanical engineer who recently graduated with a master’s degree is contemplating starting his own commercial heating and cooling company. He can purchase a Web Page design package aimed at delivering information only for $1,500 per year. what is ..
Which of the following is not a characteristic of capitalism? Agriculture is started to have five (5) distinct sub groups, which of the following was not a sub group listed in class? The index value for bottled water for 2006 is 1.6, the base year fo..
How much of Nm and Nw can you advise to use, how much M and W will be produced from the levels of nitrogen in (a) and determine the value marginal products of the two enterprises.
q. write a 3-page minimum 750 words response to the following problem. mirk labs is a pharmaceutical company that
Apple has chosen to have the components for the iPhone manufactured by more than 30 companies around the world, as opposed to producing everything itself. Address the three basic economic questions: How does this choice determine what, how, and for w..
Please explain impact on economy of Government spending on Health care on interest rates, investments, employment and income in economy. Please follow sequence in question. Explain how interrelationships.
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