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Question: Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufacturers, but the demand for domestic autos is no more than 2.5 times the quantity produced at the bottom of the long-run average cost curve. What do you expect will happen to the domestic auto industry in the long run?
"Now it's not. You have to do both for both." . . . It could ultimately mean that developed economies, the U.S. included, could face extra penalties for the perceived, even if ever-soslight, risk that they may not repay their debts. What does it m..
problem 1. perfect substitutes productionthe firms technology is such that one unit of output can be produced either
What will be the role of the team members - Why are these particular teams important for Rasmussen Consulting to properly execute the solution to MovieFlix's problem?
According to the statistics the distribution of money income:
Consider an industry made up of 8 firms.the market shares of 6 firms are 10% each. The market shares of the remaining two firms are 20% each. would a merger between firms 1 and 2 be likely to be challenged by the government
Hillary's preference for consumption C and leisure ' is given by U(C,'). There are 100 hours available in the week to split between work and leisure. She earns w dollars per hour. The ?rm's technology is given by Y = AEα, where Y is output, A and α a..
Explain, in your words, a situation where you responded to incentives. What trade-off(s) you face as you decide to spend time studying for school?
The complete version of the Thomas Sargent quote that began this chapter is "Persistent high inflation is always and everywhere a fiscal phenomenon." Why did Sargent include the modifiers "persistent high"?
Calculate Kalvin's expected haul over the four event crime spree and calculate the probability that Kalvin will never get caught over the four days.
The problem belongs to Economics, particularly to Micro-economics and it is discusses about a question is about the equilibrium price and quantity market for personal laptop. Diagrams have been given to illustrate the same.
Evaluate the consequences to a publically traded company when there is a lack of quality within financial accounting and reporting, indicating how these consequences may be minimized.
Apply the rule of 70 to solve the following problem. Real GDP per person in Mexico in 2005 was about $12,000 per person, while it was about $48,000 per person in the United States
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